INSUBCONTINENT EXCLUSIVE:
Chinese e-commerce giants Alibaba Group Holding and JD.com reported record user participation and growing sales during the 618 shopping
festival, as government subsidies and new artificial intelligence (AI) tools fuelled a surge in consumer activity.
More than 453 brands each
surpassed 100 million yuan (US$14 million) in gross merchandise value (GMV) on Alibaba’s Taobao and Tmall platforms during the weeks-long
event, the company said on Thursday
The roster included global names such as Apple,...
