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Chinese retailers expand Singles’ Day to five weeks with AI and subsidies, but shoppers remain cautious amid economic pressures.
Chinese retailers are extending Singles’ Day to a five-week event starting October 9, with Alibaba, JD.com, and Douyin launching early campaigns to boost spending amid weak consumer confidence.
Alibaba is investing $7 billion in subsidies and using AI for shopping enhancements, while JD.com and Douyin leverage AI for logistics and personalized offers.
Despite efforts, shoppers remain cautious, trading down and comparing prices across platforms.
The move reflects ongoing struggles to revive demand due to economic pressures, including a property downturn and U.S. tariffs.
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Los minoristas chinos amplían el Singles Day a cinco semanas con AI y subsidios, pero los compradores siguen siendo cautelosos en medio de las presiones económicas.