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DeepNewz, mobile.
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Chinese online retailer reported first-quarter (Q1) revenue that beat market estimates. On Thursday, the company implemented deep price cuts and discount coupons to boost sales, which have been affected by cautious customer sentiment. The retailer and its rival Alibaba have both reduced prices to defend their market share in the world's second-largest economy.
https://t.co/7N9O8mD6On reported a better-than-anticipated 7% rise in revenue after the Beijing-based retailer slashed prices and ramped up shopper perks to counter fierce competition during a Chinese downturn. https://t.co/NLyqyLjGYq
WATCH: Chinese online retailer https://t.co/LOi8NHnRJw revenue beat market forecasts in the first-quarter. https://t.co/LOi8NHnRJw and rival Alibaba have cut prices to defend market share in the world's second largest economy https://t.co/06aGjBqOjZ https://t.co/AogJ354p3C
Chinese online retailer https://t.co/Pf1ys8csDY revenue beat market forecasts in the first-quarter. https://t.co/Pf1ys8csDY and rival Alibaba have cut prices to defend market share in the world's second largest economy https://t.co/lKn9XvpWak https://t.co/s55I5QSHFV
