Price wars during Chinese shopping fest expose consumer woes
November 10, 2023The logo of e-commerce app Pinduoduo is displayed next to mobile phones displaying the app, in this illustration picture taken October 25, 2023. REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing Rights
BEIJING, Nov 10 (Reuters) – A ferocious price war among China’s e-commerce retailers during the “Singles Day” shopping event is exposing further weakness in household consumption and raising concerns that the world’s second-largest economy will resume its slowdown.…
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