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Retail

JD.com reports underwhelming 618 shopping behavior

June 20, 2022

Despite sales growth by volume, the company is seeing slowing momentum compared to past years. Image credit: JD.com

 

Chinese ecommerce giant JD.com has reported a 10.3 percent year-over-year increase in sales for the annual 618 shopping festival, reaching 379.3 yuan, or $56.6 million at the current exchange rate.

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