Will's Blog: How Chinese e-commerce companies like Pinduoduo pushing to lower prices are making China's deflation worse; HSBC says ~60% of Chinese consumers use e-commerce (New York Times)

7 October 2024

How Chinese e-commerce companies like Pinduoduo pushing to lower prices are making China's deflation worse; HSBC says ~60% of Chinese consumers use e-commerce (New York Times)

New York Times:
How Chinese e-commerce companies like Pinduoduo pushing to lower prices are making China's deflation worse; HSBC says ~60% of Chinese consumers use e-commerce — The push by Pinduoduo to lower prices has helped it become one of China's fastest-growing e-commerce apps, and epitomizes a broader force plaguing the economy.

Posted from: this blog via Microsoft Power Automate.