Sino-File

Couture under Covid

“Because of the pandemic people spend less on apparel, on fashion – people wear face masks and they don’t even need make-up”

Daniel-Zhang-w

Alibaba’s chief executive Daniel Zhang comments on the site’s fall in sales of clothing, accessories and home furnishings in the first quarter. By contrast the e-commerce giant saw sharp rises in grocery sales and cloud computing revenues, with overall quarterly revenues up 22% to Rmb114.3 billion ($16 billion).


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