SHANGHAI, Sept 26 (Reuters) – Discount e-commerce is set to dominate globally during the critical upcoming holiday shopping season in the West and Singles’ Day in China, analysts said.
Platforms in China, the world’s largest e-commerce market, have recently described a “value-for-money battle” stoked by economic insecurity and a slower-than-expected retail recovery following the lifting of COVID-19 curbs late last year.
Focus: China's e-commerce discount race to the bottom puts incumbents under pressure comes via ChinaTechNews.com.