Thirty-six percent of Americans planned to shop for gifts this holiday season on Chinese online marketplaces such as Temu and Shein, a new survey from e-commerce marketing platform Omnisend found. The ...
BEIJING – Duty-free spending in China’s island province of Hainan, where global luxury players from LVMH to Kering have set up shop ... has led many Chinese consumers to seek lower prices ...
Chinese consumers were much more eager to splurge before COVID-19 hit in 2020. Shoppers spent $38 billion in 24 hours on Alibaba’s e-commerce platforms during Singles’ Day in 2019.