Chinese sneakerheads’ favourite shopping app Dewu to cut 500 jobs as weak spending persists
Shanghai-based e-commerce app Dewu, a popular option among young Chinese consumers looking for niche brands, will trim its workforce by 5 per cent amid weak Chinese consumer spending, according to an internal letter to employees on Wednesday. Dewu employees who received the letter, and declined to be named as they are not authorised to speak … Read more