China’s e-shopping fever heats up again. Online retailers are offering a new round of discounts today, known as the "Double twelve's day" sales. This comes just a month after the November 11th Single’s day shopping festival.
Online stores such as Taobao, T-mall, Yihaodian and Jingdong, are all launching massive discounts to firm up their annual sales before the end of the year.
Retail sales growth is projected to stand at around 13% in China for 2013. Some analysts though, expect retail revenue growth to remain weak for the coming months and gradually pick up in 2014.
Source:CCTV
