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China’s second-largest shopping event of the year generated record sales, with online spending by consumers exceeding $100 billion as government measures bolstered consumption among cautious ...
China's month-long 618 shopping festival ended last week, with supply chain sources viewing it as the final boost from fading government subsidies. While past shopping events often spurred strong ...
The June 18 Shopping Festival — once a high-decibel race for Gross Merchandise Volume — took a markedly different tone this year, reflecting deep shifts in China’s fashion retail landscape ...
China's 618 Shopping Festival ended with smartphone sales showing continued growth, though at a more modest pace than previous years, as consumer demand weakened due to tariffs, inflation, and ...
Cheng highlighted the significant role of the midyear shopping festival in driving the recovery and growth of China's consumer market, providing consumers with more diverse and personalized ...
This year’s festival features a dedicated tent to celebrate Christmas in July.
Labubu and the broader "toys and trendy collectibles" category saw six brands exceed the $83.4 million sales mark during this year's 618 online shopping festival.