A person walks past a JD.com’s advertisement promoting Singles Day shopping festival, at a subway station in Beijing, China October 26, 2023. REUTERS/Tingshu Wang/File Photo A woman walks past the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018. REUTERS/Jason Lee/File Photo
Alibaba Group reported that its Chinese e-commerce platforms Tmall and Taobao recorded “positive” year-on-year growth over this year’s Singles Day sales period, while competitor JD.com said its festival GMV (gross merchandising volume) hit a “record high”.
Reporting by Casey Hall; Editing by Simon Cameron-Moore
