SHANGHAI: Online shoppers spent more than US$14bil within the first two hours of China’s annual buying frenzy on Sunday, once again breaking records as the consumer tradition enters its 10th year.
The spending binge breaks from gloomy forecasts about the world’s second largest economy, which is struggling with a tariff war with the US, a stock market slump and slowing overall growth.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!