Alibaba, Xiaohongshu tout sales growth in China’s midyear e-commerce festival
Alibaba Group Holding said it is seeing “encouraging” user engagement and merchant growth during the 618 midyear online shopping festival, as rival Xiaohongshu, China’s answer to Instagram, said its online sales have tripled from a year ago. Taobao and Tmall Group, Alibaba’s domestic e-commerce unit, has switched to a new strategy that focuses on consumers … Read more
