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China’s JD.com Posts Slowest Growth Ever in ‘618’ Shopping Event

JD.com Warns Consumer Recovery Months Away

Total sales by China’s e-commerce giant JD.com rose 10.3 percent over the 18 days to Sunday during the first major shopping festival since a recent Covid-19 outbreak, the company said, sharply down from the 2021 event’s growth of 27.7 percent.

This year’s figure was the slowest for the retailer, showing how consumer appetite in the world’s second largest economy has been hit by lockdowns to halt the Omicron variant of coronavirus and…


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