China's e-commerce slump

HONG KONG -- This year's "618" shopping festival in China is not going as well as many retailers had hoped for.   With household finances still reeling from COVID-19 restrictions, youth unemployment at a record high and the property sector on shaky ground, shoppers from across the country tell Nikkei Asia that no matter how hard e-commerce platforms try to persuade them to spend, most of them are not tempted.   Read the full story here.	View in browser
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	Asia Daily Briefing June 16, 2023

	China's e-commerce extravaganza loses its shine as consumption sags HONG KONG -- This year's "618" shopping festival in China is not going as well as many retailers had hoped for.   With household finances still reeling from COVID-19 restrictions, youth unemployment at a record high and the property sector on shaky ground, shoppers from across the country tell Nikkei Asia that no matter how hard e-commerce platforms try to persuade them to spend, most of them are not tempted.   Read the full story here.
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