Platform rivalry and weak consumer demand dog Singles Day

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Chinese e-commerce giants Alibaba Group and JD.com are no longer the only ones competing for spend during the annual Singles Day shopping extravaganza; live streaming platforms including Douyin and Kuaishou have joined in. But, as platform rivalry intensifies against a backdrop of weakened consumer confidence in China, will enthusiasm for Singles Day match that of previous years?

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Platform rivalry and weak consumer demand dog Singles Day – webhostingreviewsite.com