Alibaba, JD.com claim big win in Singles’ Day sales as consumer spending bounces back

Alibaba, JD.com claim big win in Singles’ Day sales as consumer spending bounces back

Alibaba Group Holding and JD.com wrapped up their respective Singles’ Day promotions this year, with both Chinese e-commerce giants claiming strong results that signify a rebound in domestic consumer spending during the world’s largest annual shopping festival. Taobao and Tmall Group (TTG), Alibaba’s domestic e-commerce business unit, on Tuesday said its Singles’ Day campaign had … Read more

California reignites war on gas stoves with new bill requiring warning labels

California reignites war on gas stoves with new bill requiring warning labels

A new bill in California would require warning labels placed on all gas stoves starting next year, alerting consumers to any associated health risks.  If passed, AB 2513, introduced by Democratic Assemblywoman Gail Pellerin, would mandate these labels be placed on gas stoves starting at the beginning of 2025. Those who support the legislation believe it … Read more

JD.com commits US$900 million to support nationwide trade-in programme for home appliances, consumer goods

JD.com commits US0 million to support nationwide trade-in programme for home appliances, consumer goods

Chinese e-commerce giant JD.com is investing more than 6.5 billion yuan (US$900 million) with partners to bolster this year’s nationwide trade-in programme for home appliances and consumer goods, part of Beijing’s efforts to energise the country’s post-pandemic economic recovery. Most of that investment will be used to subsidise consumers for trading in their home appliances … Read more