Dossier
618 shopping festival
Coverage of 618 shopping festival in the Nexus archive.
- Has China’s ‘618’ shopping festival lost its shine as consumers turn cautious?
China's '618' shopping festival is showing signs of declining consumer enthusiasm, as evidenced by reduced e-commerce parcel volumes in Chengdu. The subdued mood reflects cautious consumer behavior this year compared to previous years.
- Beijing reins in Alibaba, JD.com over destructive 618 price cuts
Beijing's market regulator summoned five major e-commerce platforms, including Alibaba and JD.com, over deceptive promotional practices ahead of the 618 shopping festival. Alibaba's shares fell 5.4% and JD.com's dropped 2.9% following the regulatory action.