{"id":864277,"date":"2024-10-08T10:27:39","date_gmt":"2024-10-08T04:57:39","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=864277"},"modified":"2024-10-08T10:27:39","modified_gmt":"2024-10-08T04:57:39","slug":"how-price-wars-on-online-shopping-websites-may-be-hurting-china-and-its-economy","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/10\/08\/how-price-wars-on-online-shopping-websites-may-be-hurting-china-and-its-economy\/","title":{"rendered":"How price wars on online shopping websites may be hurting China and its economy"},"content":{"rendered":"<p>The New York Times reports that Lin Yunyun, a 28-year-old seller on China&#8217;s fast-growing e-commerce platform Pinduoduo, has experienced the relentless pressure to lower prices firsthand. Unlike what she expected, Pinduoduo constantly sends &#8220;reminders&#8221; whenever other sellers undercut her on diaper prices. Even after reducing her prices, the platform pushes for further cuts to maintain her product&#8217;s visibility.<br \/>\nPinduoduo exemplifies China&#8217;s current struggle with deflation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The New York Times reports that Lin Yunyun, a 28-year-old seller on China&#8217;s fast-growing e-commerce platform Pinduoduo, has experienced the relentless pressure to lower prices firsthand. Unlike what she expected, Pinduoduo constantly sends &#8220;reminders&#8221; whenever other sellers undercut her on diaper prices. Even after reducing her prices, the platform pushes for further cuts to maintain her product&#8217;s visibility. Pinduoduo exemplifies China&#8217;s current struggle with deflation.<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[87,4,11],"tags":[],"class_list":["post-864277","post","type-post","status-publish","format-standard","hentry","category-it-2-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/864277","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\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=864277"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/864277\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=864277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=864277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=864277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}