How Singles’ Day in China evolved into one of the world’s largest shopping event – Times of India

Pedestrians walk near an advertisement promoting the sales festival in Beijing. (Picture credit: AP) While the Western world is gearing up for Black Friday and Cyber Monday, China has already celebrated its biggest shopping extravaganza—Singles Day. Often overshadowing other global shopping events, Singles Day has grown from a niche celebration to a retail phenomenon, surpassing…

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China’s online retailers Shein, Temu in focus as US aims to plug trade “loophole” – ET Retail

Representative Image The Biden administration said on Friday it was moving to curb low-value shipments entering the U.S. duty-free under the $800 “de minimis” threshold that has been exploited by Chinese e-commerce firms such as Shein and PDD Holdings’ Temu. White House officials said they will propose a new rule to deny the exemption to…

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