Singles’ Day: Alibaba’s Lazada Says Shoppers Cautious as Mega-Sale Kicks Off
Alibaba unit Lazada Group is seeing a slight pullback in higher-ticket items including electronics as the annual mega-sales event Singles’ Day kicks off.
Alibaba Group Holding Ltd.'s Southeast Asia e-commerce unit Lazada Group is seeing a slight pullback in higher-ticket items including electronics as the annual mega-sales event Singles' Day kicks off.Consumers are being more cautious when spending on high-ticket items such as very expensive electronics, Lazada Chief Business Officer James Chang said in an interview!-->…