China’s cooling, e-commerce giants see sales surge as scorched Europe scrambles for relief
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A heatwave sweeping across Europe has triggered a massive surge in sales for Chinese home appliances, with e-commerce giant Alibaba recording triple-digit growth for air conditioners and fans on its overseas platforms.
On AliExpress, Alibaba’s international retail site, the June debut of air conditioners in Germany saw warehouse inventory for a 2.35-kilowatt Midea model completely wiped out by Thursday, according to data from Alibaba.
The trend was also stark in southern Europe. Fan sales in...
On AliExpress, Alibaba’s international retail site, the June debut of air conditioners in Germany saw warehouse inventory for a 2.35-kilowatt Midea model completely wiped out by Thursday, according to data from Alibaba.
The trend was also stark in southern Europe. Fan sales in...
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