{"id":824145,"date":"2024-06-20T09:28:23","date_gmt":"2024-06-20T03:58:23","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=824145"},"modified":"2024-06-20T09:51:06","modified_gmt":"2024-06-20T04:21:06","slug":"dip-in-e-commerce-festival-sales-adds-more-woes-to-chinas-economic-crunch","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/06\/20\/dip-in-e-commerce-festival-sales-adds-more-woes-to-chinas-economic-crunch\/","title":{"rendered":"Dip in e-commerce festival sales adds more woes to China&#8217;s economic crunch"},"content":{"rendered":"<p>Sales fell for the first time ever at China&#8217;s blowout mid-year e-commerce sales festival as consumers remain cautious about spending as the economy sputters, according to third-party data estimates released on Wednesday. <\/p>\n<p>Combined gross merchandise volume (GMV), a widely used proxy for e-commerce sales, reached 742.8 billion yuan ($102.36 billion) across China&#8217;s major online platforms during the so called &#8220;618&#8221; shopping event, 7% lower than the same period last year, digital retail data provider Syntun said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sales fell for the first time ever at China&#8217;s blowout mid-year e-commerce sales festival as consumers remain cautious about spending as the economy sputters, according to third-party data estimates released on Wednesday. Combined gross merchandise volume (GMV), a widely used proxy for e-commerce sales, reached 742.8 billion yuan ($102.36 billion) across China&#8217;s major online platforms during the so called &#8220;618&#8221; shopping event, 7% lower than the same period last year, digital retail data provider Syntun said.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,34,4],"tags":[],"class_list":["post-824145","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-it-2-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/824145","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=824145"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/824145\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=824145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=824145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=824145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}