Apple sees iPhone 16 prices slashed by up to 1,600 yuan (US$225) at its online store on Alibaba Group Holding’s Tmall platform, as the US tech giant looks to boost sales on Singles’ Day, the world’s biggest shopping festival, amid stiff competition in China.Under its Singles’ Day promotion, Apple’s Tmall store started offering a 500-yuan...
The three-day Mid-Autumn Festival holiday, which started on September 15, is driving strong growth in China’s catering, tourism, and retail sectors. As families gather to celebrate the traditional festival with dinners, mooncake-sharing, and lantern appreciation, analysts predict this boost in consumer activity will have a significant impact on the economy. The holiday’s cultural significance has...
Shenzhen, a leading force in China’s cross-border e-commerce landscape, has shattered records in the first quarter of 2024. The city’s import and export volume in this sector surpassed a staggering 110 billion yuan (US$15.2 billion), marking a year-on-year surge of over 95%. This impressive figure not only sets a new high for Q1 but also...