JD Retail CEO Sees Slower Consumption Recovery from Covid

The transcript discusses JD.com's sales performance during the 618 shopping festival, highlighting the impact of COVID-19 on the Chinese economy and consumption patterns. It explores geographical differences in recovery, with slower recovery in major cities like Shanghai. The economic impact of COVID-19 is significant, affecting supply chains and incomes. JD.com's collaboration with Dada for delivery services is mentioned, along with the changing regulatory environment in China and its implications for the Internet and technology industries.

What differences in consumption recovery have been observed between Tier 5/6 cities and Tier 1/2 cities?

What are the expected long-term effects of the current COVID outbreak on the economy and people's incomes?