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Tech giants, commercial banks and local-level governments in China further promoted the use of digital yuan in the run-up to and during the June 18 or "618" shopping carnival and carried out trials in more fields like lending and tax refunds.
Alibaba reported positive sales growth for the shopping festival, with camping, fishing and skateboarding as stand-out categories, but e-commerce growth has taken a hit from Covid-19 restrictions this year.
GLOBALink | China's shopping festival "618" brings sales bonanza-
More muted tone for 618 amid economic slowdown also underlines reality that days of breakneck e-commerce growth in China are over, said analysts.
The DOH-Caraga Covid-19 update as of June 12, 2022. BUTUAN CITY - Caraga Region has recorded an 83.5 percent rate in the vaccination of senior citizens in the area. In a report Tuesday, the Department of Health-Caraga (DOH-13) said 340,752 coronavirus disease 2019 (Covid-19) vaccines alone have been administered to senior citizens as of Sunday (June 12). "Of the total number, 173,056 senior citizens in Caraga are already fully vaccinated," DOH-13 said. The same report also indicated that 357,659 individuals under the A4 (frontline personnel in essential sectors) have been fully vacci...