China News
Chinese retail giants on Wednesday started offering massive tit-for-tat discounts to fire up sales amid sluggish domestic demand. Liu Qiangdong, chairman and founder of 360buy.com, China's second-largest online retailer by sales, announced that his...
China News
Two home appliance retailing giants in China saw their stock prices tumble on Wednesday morning as they scrambled to fight a price war provoked by a major online retailer. Electrical Appliances Holding Ltd. plummeted more than 8 percent to 0.66 HK...