Weaker Chinese consumer sentiment weighs on 11.11 sales festival

More companies in China are opting out of discounts during major shopping festivals in favor of steadier year-round sales. However, Chinese consumer confidence has not fully recovered, with consumers trading down and waiting for shopping events to spend. This pushes e-commerce platforms to partner up to boost sales.

Nov 11, 2024 - 16:00
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Weaker Chinese consumer sentiment weighs on 11.11 sales festival
More companies in China are opting out of discounts during major shopping festivals in favor of steadier year-round sales. However, Chinese consumer confidence has not fully recovered, with consumers trading down and waiting for shopping events to spend. This pushes e-commerce platforms to partner up to boost sales.