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China Consumption: Start of a New Era

Continued urbanization and rising income levels are expected to sustainably drive consumption growth in the medium to long term.

Taobao Tmall 11 11 Global Shopping Festival Returns with Launch of New Cross-Border Shopping Service Brand

Tmall Taobao World today kicked off its 2023 Taobao Tmall 11.11 Global Shopping Festival ("11.11" or "Festival") with enhanced deals and offers targeting five key markets, including Hong Kong (China), Macao (China), Taiwan (China), Singapore and Malaysia. The unit also announced the launch of a cross-border shopping service brand named "Taobao PLUS" to provide users in those five markets with a hassle-free shopping experience, offering upgraded services including lowered free shipping thresholds

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