China’s No. 2 Online Mall Sees Slow Consumer Recovery
JD.com isn’t seeing rapid rebound after Covid lockdowns lifted Situation different to 2020’s quick recovery, executive says China’s No. 2 online retailer sees worrying signs that shoppers are reluctant to reopen their wallets even as major cities emerge from bruising Covid lockdowns, suggesting consumer spending may take months to recover. The months-long closure of cities … Read more