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20 Jun

Slower Growth During China’s 618 Shopping Festival Signals Lagging

Slower Growth During China’s 618 Shopping Festival Signals Lagging
SHANGHAI — Based on this yr’s 618 online shopping festival results, Chinese consumers are starting to spend more cautiously, because the post-reopening consumption rebound began to lose steam. In line with Syntun, a third-party data provider, total gross merchandise volume during 618 from major e-commerce platforms similar to Tmall, JD.com, Douyin and Pinduoduo reached 614.3 billion renminbi, or $85.8 billion, a rise of 5.4 percent year-over-year but logging the slowest growth rate since 2020. Alibaba, Tmall’s parent company, selected to deal with empowering small merchants. The corporate said GMV for over 2.56 million small-to-medium-sized firms topped last yr’s 618, with 1.18 million breaking the ten,000 renminbi mark. JD.com, which celebrated its twentieth anniversary on Sunday, also said the event “surpassed all growth...
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24 May

Axel Arigato Signals China Ambition With Recent Campaign

Axel Arigato Signals China Ambition With Recent Campaign
Swedish sneaker brand Axel Arigato has drum-rolled its China expansion ambition with the brand new campaign “From Shanghai With Love.” Shot by the Shanghai-based photographer Rusty Nero, the campaign features members of the brand’s area people living their lives while sporting recent season items. Nick, Pierhei and their pet dog shot in Wulumuqi Road, Shanghai. Courtesy of Axel Arigato The campaign features Nick, Pierhei and their pet dog. The young couple, who're starting their family in downtown Shanghai, posed in front of a neighborhood grocery on Wulumuqi Road. It also features Weilai and his mother Qin. They share a mutual love of life and fashion. Qin wore a black and white varsity jacket, while Weilai wore a pair of the brand’s Area Lo sneakers...
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