the 11.11 shopping festival: a closer look at the numbers
The 11.11 shopping festival has concluded, and the results are in. Tmall reported a 25% year-over-year increase in beauty sales, with 79 brands exceeding 100 million RMB ($14 million) in sales. Some outlets have even suggested that these figures indicate a recovery of China’s economy. However, the reality on the ground is more nuanced. Beauty […]
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