SHANGHAI: Chinese consumers snapped up items from food to electronics and beauty products Wednesday as retailers slashed prices for the world’s largest online shopping bonanza, closely watched this year for clues on post-pandemic consumer sentiment.
The marathon spending spree has for more than a decade seen China’s army of shoppers shell out colossal amounts of cash that has dwarfed the incomes of many small nations.
And this year will be no exception.
While “Single’s Day” — so-called for its annual 11.11 date — usually takes place over 24 hours, ecommerce giant Alibaba began its sale on November 1. In that time it has already raked in 372.3…
