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Chinese shoppers are willing to spend more money, says CEO of Alibabaࢀ™s InTime department store chain


Source: glenbrook.com glenbrook.com
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News Snapshot:

ࢀœIn the aftermath of the coronavirus pandemic, Chinaࢀ™s consumers are spending less time on the shopping process ࢀ" but theyࢀ™re spending more money than before, according to a CEO of an Alibaba -owned company. Chinese shoppers are particularly willing to pay a lot of money on luxury goods and cosmetics, Chen Xiaodong, CEO of InTime, said Tuesday.ࢀ

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