SHANGHAI: The focus of China’s Singles’ Day shopping festival should shift from a “traffic and sales war” to one of science and technology, a state-backed newspaper said on Nov 12, describing the “worship of turnover” as incompatible with China’s new development path.
The article in the Securities Daily comes a day after the annual shopping blitz spearheaded by Alibaba Group, which recorded 540.3bil yuan (RM352.05bil) in orders over the 11-day event.
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