Chinese brands outnumber foreign names among Singles Day best-sellers
Source: Reuters
BEIJING, Nov 12 (Reuters) - Chinese consumers clutched their wallets tight in this year's Singles Day and continued seeking relatively economical home brands over pricier expensive labels, as strict COVID-19 curbs and economic uncertainty weighed on the shopping extravaganza.From the evening of Oct. 31 through Thursday, more than 2,000 items generated sales exceeding 10 million yuan ($1.4 million) each on Tmall…
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