Alibaba to sponsor Lunar Year Spring Festival Gala to reach China’s thrifty consumers

Alibaba to sponsor Lunar Year Spring Festival Gala to reach China’s thrifty consumers

Alibaba Group Holding has won the sponsorship for the 2025 Spring Festival Gala show, China’s most-watched event of the year, as the e-commerce giant reaches out to consumers to regain growth momentum. The Hangzhou-based company signed a deal with China Media Group (CMG), which owns state broadcaster China Central Television, to be the “exclusive e-commerce … Read more