JD.com and Alibaba raked in more than $130 billion (£104 billion) during the ‘618’ shopping festival in signs that the world’s second largest economy is returning to health.
June 18th saw JD.com launch its annual shopping festival, which coincided with its $4 billion secondary public listing on the Hong Kong stock exchange.
During the event, JD.com saw transaction volumes top $37.99 billion (£30.58 billion), easily outpacing last year’s record sales $29.2 billion (£23.2 billion).
