People walk by JD.com advertisements of the 618 Shopping Festival at Wangfujing Street on June 14, 2020 in Beijing, China
VCG | Getty Images
Known as 618 because it falls on June 18, the festival was being closely watched for signs about the health of the consumer in the world’s second-largest economy, as it looks to recover from the coronavirus pandemic.
JD.com said transaction volume totaled 269.2 billion yuan ($37.99 billion). This figure is the total value of all orders for products and services placed on the…