JD.com said its sales for this year’s Singles’ Day shopping bonanza reached “new highs” in transaction volume, order volume, and number of users, according to a company statement.
- The retailer did not disclose the specific sales figures for the Nov. 11 event for the second year in a row, as China’s economy has recovered at a slower-than-expected pace
- JD.com, along with its rival Alibaba Group Holding, will release earnings next week, a key barometer for Chinese consumer sentiment
- Read more: Singles’ Day Casts Light on China Tech: Asia Earnings Week Ahead
