Chinese e-commerce platforms Alibaba Group Holdings (NYSE: BABA) and JD.com Inc (NASDAQ: JD) kicked off the annual mid-year online shopping festival “6.18” with record sales as the country struggles to reach full recovery from the coronavirus pandemic, China's state newspaper Global Times reported on Tuesday.  What Happened: JD.com's sales on its online supermarket, JD Super, soared more than seven times year-on-year on the first day, lifted by strong demand for Apple Inc (NASDAQ: AAPL) iPhones, the report said.
iPhone Demand Drives Record Sales For Alibaba, JD On '6.18' Kickoff Day