We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Big spender

25 August 2021 By Yawen Chen

China’s $124 bln e-commerce group swung into the black in the quarter as it reduced subsidies. But slowing growth, alongside a $1.5 bln philanthropic pledge in rural projects, suggest that is not sustainable. Beijing’s crackdown on the sector has also emboldened rivals like JD.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)