Subdued Singles Day shopping in China

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	Asia Daily Briefing November 10, 2022

	Alibaba-led Singles Day bonanza hit by business caution and COVID HONG KONG -- China's annual Singles Day shopping extravaganza, usually a showcase for exuberant consumerism, is conspicuously subdued this year. Alibaba Group Holding, the inventor of the buying blitz, appears particularly cautious.   The shift comes as the country enters a new era in which the consumer boom is being dampened by top policymakers and daily lives are being severely affected by abrupt COVID-19 lockdowns.   Read the full story here.
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