{"id":131413,"date":"2025-06-19T13:00:15","date_gmt":"2025-06-19T13:00:15","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=131413"},"modified":"2025-06-19T13:00:15","modified_gmt":"2025-06-19T13:00:15","slug":"china-subsidies-give-alibaba-jd-com-sales-lift-during-618-shopping-festival-2","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=131413","title":{"rendered":"China subsidies give Alibaba, JD.com sales lift during 618 shopping festival"},"content":{"rendered":"<p>Source: China &#8211; South China Morning PostChinese e-commerce giants Alibaba Group Holding and JD.com reported record user participation and growing sales during the 618 shopping festival, as government subsidies and new artificial intelligence (AI) tools fuelled a surge in consumer activity.<br \/>\nMore than 453 brands each surpassed 100 million yuan (US$14 million) in gross merchandise value (GMV) on Alibaba\u2019s Taobao and Tmall platforms during the weeks-long event, the company said on Thursday. The roster included global names such as Apple,&#8230;<a href=\"https:\/\/www.scmp.com\/tech\/big-tech\/article\/3315109\/alibaba-and-jdcom-claim-record-participation-618-sales-event-boosted-subsidies?utm_source=rss_feed\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: China &#8211; South China Morning PostChinese e-commerce giants Alibaba Group Holding and JD.com reported record user participation and growing sales during the 618 shopping festival, as government subsidies and&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/131413"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=131413"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/131413\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=131413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=131413"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=131413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}