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China’s annual 618 shopping festival sees domestic e-commerce giants including JD.com rack up billions of dollars of sales across their platforms. The 2022 edition comes against a backdrop of slowing economic growth in China and sluggish consumer spending.
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Regulation on China’s technology sector is not loosening, it’s just becoming more “rational,” a top executive at e-commerce firm JD.com told CNBC.
Over the past 16 months,…
