How online shopping websites' price wars may hurt Chinese economy
Lin Yunyun, a seller on China's e-commerce platform Pinduoduo, faces constant pressure to cut diaper prices to maintain visibility. The platform's aggressive discount strategy reflects China's broader deflation woes, driven by economic anxiety and reduced consumer spending.
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Oct 8, 2024
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Lin Yunyun, a seller on China's e-commerce platform Pinduoduo, faces constant pressure to cut diaper prices to maintain visibility. The platform's aggressive discount strategy reflects China's broader deflation woes, driven by economic anxiety and reduced consumer spending.
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