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

“In the aftermath of the coronavirus pandemic, China’s consumers are spending less time on the shopping process — but they’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.”…

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