JD.com’s headquarters in Beijing is decorated with banners to celebrate the company's 17th anniversary and the country's first big online shopping festival since the pandemic outbreak. Photo: Minghe Hu
Thanks to live-streaming craze, China’s midyear shopping festival has moved beyond e-commerce
- China has become an influencer economy with almost all online consumers buying products based on recommendations by their idols
- For more than 10 years the midyear shopping festival has been a sales boost for e-commerce players like JD.com, Pinduoduo and Alibaba
Topic |
E-commerce
JD.com’s headquarters in Beijing is decorated with banners to celebrate the company's 17th anniversary and the country's first big online shopping festival since the pandemic outbreak. Photo: Minghe Hu