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

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