{"id":943193,"date":"2025-07-03T06:54:46","date_gmt":"2025-07-03T01:24:46","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=943193"},"modified":"2025-07-03T07:19:05","modified_gmt":"2025-07-03T01:49:05","slug":"chinas-alibaba-launches-ecommerce-subsidies-of-7-billion-in-consumption-boost","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/07\/03\/chinas-alibaba-launches-ecommerce-subsidies-of-7-billion-in-consumption-boost\/","title":{"rendered":"China&#8217;s Alibaba launches ecommerce subsidies of $7 billion in consumption boost"},"content":{"rendered":"<p>The online retail platform of Chinese tech giant Alibaba announced Wednesday that it will issue $7 billion in subsidies for certain purchases, providing a much-needed boost for a country struggling with sluggish spending. <\/p>\n<p>Taobao, China&#8217;s e-commerce champion launched by Alibaba in 2003, said in a WeChat statement that the 50 billion yuan ($6.97 billion) would &#8220;directly subsidise consumers and merchants&#8221; over a 12-month period starting Wednesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The online retail platform of Chinese tech giant Alibaba announced Wednesday that it will issue $7 billion in subsidies for certain purchases, providing a much-needed boost for a country struggling with sluggish spending. Taobao, China&#8217;s e-commerce champion launched by Alibaba in 2003, said in a WeChat statement that the 50 billion yuan ($6.97 billion) would &#8220;directly subsidise consumers and merchants&#8221; over a 12-month period starting Wednesday.<\/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":[59,4,10],"tags":[],"class_list":["post-943193","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/943193","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=943193"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/943193\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=943193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=943193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=943193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}