China's JD.com beats quarterly revenue estimates
A Chinese e-commerce firm exceeded revenue predictions. This indicates steady demand despite economic challenges. Companies are using discounts and subsidies to attract consumers. This strategy helped a home appliance retailer. Retail sales in China saw growth in January and February. The upcoming 618 shopping festival will assess consumer recovery. Taobao and others have already started pre-sale events.
A Chinese e-commerce firm exceeded revenue predictions. This indicates steady demand despite economic challenges. Companies are using discounts and subsidies to attract consumers. This strategy helped a home appliance retailer. Retail sales in China saw growth in January and February. The upcoming 618 shopping festival will assess consumer recovery. Taobao and others have already started pre-sale events.
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