Y Combinator’s Garry Tan Goes to the MatRead more

Briefing
asia

Big China Sales Day Has Low Growth on Covid Lockdowns

By
Shai Oster
· · Source: The Wall Street Journal

Chinese e-commerce giant JD.com recorded the slowest sales growth in at least five years for its mid-year anniversary sales event, the latest sign of the impact from China’s strict Covid Zero policy and lockdowns, The Wall Street Journal reported. The disappointing sales figures is a harbinger of the wider domestic economic slowdown hitting China just as the rest of the world is likely to...

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