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Alibaba, JD.com results underscore the slowdown in Chinese consumer demand
BABABABA(BABA) CNBC·2024-08-16 09:49

In this articleBABA9618-HKA person seen walking next to the Alibaba's corporate logo, in front of its office building at Chaoyang Technology Park in Beijing, China.Sopa Images | Lightrocket | Getty ImagesBEIJING — Chinese e-commerce giants Alibaba and JD.com's quarterly results from Thursday underscored the slowdown in China's consumer market, with retailers struggling to attract value-conscious customers.Major U.S. consumer brands have highlighted the softness in demand from China in their second quarter r ...