Pedestrians walk near an advertisement promoting a sales festival in Beijing, Thursday, Nov. 7, 2024. (AP Photo/Ng Han Guan)

Women walk out from a fashion boutique near a display promoting the China popular e-commerce sales, the "Singles' Day" global online shopping festival, at a shopping mall in Beijing, on Nov. 4, 2024. (AP Photo/Andy Wong)

Merchants film their jewelry products for e-commerce sales at their store inside the Yiwu wholesale market in Yiwu, east China's Zhejiang province Friday, Nov. 8, 2024. (AP Photo/Andy Wong)