Chinese consumers spend billions in 'Singles Day' shopping binge, sales race past $20 bn
Also known as "Double 11" for the November 11 date, the event launched in 2009 by e-commerce giant Alibaba kicked off at midnight and ended up shattering the previous year's sales mark, as it does every year.
Nov 11, 2017, 17:06 PM IST
World’s biggest online shopping day nets over $14 billion
E-commerce giant Alibaba said Thursday that Chinese and international consumers spent more than $14 billion in the world’s biggest online shopping day, as it sought to soothe worries over China’s slowing economy.
Nov 12, 2015, 16:19 PM IST
China consumers tighten belts, a red flag for the global economy
Terry Xu considers himself one of the lucky ones.
Sep 24, 2015, 03:10 AM IST
China market rout, slowing economy sap demand for luxury cars
Prices for German luxury cars in China are tumbling as the country`s stock market sell-off and worries about broader economic growth chill demand for auto brands that once commanded price premiums from affluent Chinese consumers.
Jul 11, 2015, 16:53 PM IST
In China, knock-off Apple Watches have their own fans
Lining the glass display cases of Shenzhen`s giant tech malls, knock-off versions of Apple Inc`s smartwatch were on sale at many stalls, with some Chinese consumers eager to snap them up for a fraction of the cost of the original.
Apr 10, 2015, 13:21 PM IST
