Chinese e-commerce firms report growth in sales, shoppers for Singles’ Day shopping festival
1 month, 1 week ago

Chinese e-commerce firms report growth in sales, shoppers for Singles’ Day shopping festival

Associated Press  

HONG KONG — China’s e-commerce firms reported an increase in the number of shoppers and a growth in sales for this year’s Singles’ Day shopping festival, although final figures were not publicly revealed. Rival online retailer JD.com said Tuesday the number of shoppers for its Singles’ Day promotion period grew 20% and that it achieved “double-digit growth” in transaction volume and orders. Though Alibaba and JD.com previously reported the final sales figure for Singles’ Day, both platforms stopped doing so since 2022, though estimates by third-party companies suggest that sales growth have slowed post-COVID 19. Syntun, a data provider, estimated that last year’s gross merchandising volume sales across major e-commerce platforms grew just 2% to 1.14 trillion yuan, a far cry from double-digit growth before COVID-19 amid a lagging domestic economy and weak consumer sentiment.

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History of this topic

Chinese firms, shoppers join Black Friday frenzy as e-commerce bridges borders
2 weeks, 5 days ago

Chinese firms, shoppers join Black Friday frenzy as e-commerce bridges borders

China Daily  

Chinese firms, shoppers join Black Friday frenzy as e-commerce bridges borders Xinhua Updated: Dec 05, 2024 BEIJING -- Transcending distances and national borders, the Black Friday shopping spree has become an extravaganza for both American and Chinese firms and consumers, thanks to the expansive reach of cross-border e-commerce. Online shopping on Nov 29, the first day of this year's Black …

Quzhou's online sales reach $402m during Singles Day
1 month, 1 week ago

Quzhou's online sales reach $402m during Singles Day

China Daily  

chinadaily.com.cn| Updated :2024-11-15 The intelligent sorting system in Quzhou, Zhejiang province. The data revealed on Nov 12 that Quzhou achieved 2.91 billion yuan in online retail sales during this year's Singles Day shopping season, a 2.5-percent increase from last year. Livestreaming e-commerce also played a significant role, with Kecheng district, Jiangshan county-level city, and Longyou county emerging as the top …

Zhejiang sets record during Singles Day sales
1 month, 1 week ago

Zhejiang sets record during Singles Day sales

China Daily  

An employee picks imported goods for sale during the Singles Day shopping season at a cross-border e-commerce bonded warehouse in Jinhua, Zhejiang province, on Oct 23. The Singles Day shopping season brought record-breaking logistics to Zhejiang, with the province handling 2.243 billion parcels from Oct 21 to Nov 12, according to the State Post Bureau. The delivery peak followed on …

Zhejiang sets record during Singles Day sales
1 month, 1 week ago

Zhejiang sets record during Singles Day sales

China Daily  

ezhejiang.gov.cn| Updated :2024-11-14 An employee picks imported goods for sale during the Singles Day shopping season at a cross-border e-commerce bonded warehouse in Jinhua, Zhejiang province, on Oct 23. The Singles Day shopping season brought record-breaking logistics to Zhejiang, with the province handling 2.243 billion parcels from Oct 21 to Nov 12, according to the State Post Bureau. The delivery …

Xiamen's online retail sales reach $4.93b on Double 11, ranking first in Fujian
1 month, 1 week ago

Xiamen's online retail sales reach $4.93b on Double 11, ranking first in Fujian

China Daily  

During the recent Double 11 shopping festival, Xiamen's e-commerce sector performed exceptionally well, maintaining its lead in Fujian province with record-high online retail sales. Xiamen's online retail sales reached 35.64 billion yuan, a year-on-year increase of 6.6 percent and accounting for 37 percent of the province’s total online retail sales. Xiamen is home to 626 companies with online retail sales …

How China’s sluggish economy has made Singles Day gloomy for retailers
1 month, 1 week ago

How China’s sluggish economy has made Singles Day gloomy for retailers

Firstpost  

The massively popular Singles’ Day shopping frenzy in China is here, but this year, the enthusiasm among consumers seems to have dimmed. Women walk out from a fashion boutique near a display promoting the upcoming China popular e-commerce sales, the “Singles’ Day” global online shopping festival, at a shopping mall in Beijing, Nov. 4, 2024. Women walk out from a …

Quality focus rules Singles Day shopping gala
1 month, 1 week ago

Quality focus rules Singles Day shopping gala

China Daily  

An employee picks imported goods for sale during the Singles Day shopping festival at a cross-border e-commerce bonded warehouse in Jinhua, Zhejiang province, on Oct 23. YANG MEIQING/FOR CHINA DAILY Chinese consumers have exhibited robust purchasing power for high-quality and intelligent products containing innovative technologies during the Singles Day shopping extravaganza. The transaction volume of gaming laptops rose 120 percent …

Quality focus rules Singles Day shopping gala
1 month, 1 week ago

Quality focus rules Singles Day shopping gala

China Daily  

China Daily| Updated :2024-11-11 An employee picks imported goods for sale during the Singles Day shopping festival at a cross-border e-commerce bonded warehouse in Jinhua, Zhejiang province, on Oct 23. YANG MEIQING/FOR CHINA DAILY Chinese consumers have exhibited robust purchasing power for high-quality and intelligent products containing innovative technologies during the Singles Day shopping extravaganza. The transaction volume of gaming …

Quality focus rules Singles Day shopping gala
1 month, 1 week ago

Quality focus rules Singles Day shopping gala

China Daily  

An employee picks imported goods for sale during the Singles Day shopping festival at a cross-border e-commerce bonded warehouse in Jinhua, Zhejiang province, on Oct 23. Data from Tmall, Chinese tech heavyweight Alibaba Group's business-to-customer platform, showed that in the first four hours after the shopping carnival officially kicked off at 8 pm on Oct 21, 174 brands saw their …

Quality focus rules Singles Day shopping gala
1 month, 1 week ago

Quality focus rules Singles Day shopping gala

China Daily  

An employee picks imported goods for sale during the Singles Day shopping festival at a cross-border e-commerce bonded warehouse in Jinhua, Zhejiang province, on Oct 23. Data from Tmall, Chinese tech heavyweight Alibaba Group's business-to-customer platform, showed that in the first four hours after the shopping carnival officially kicked off at 8 pm on Oct 21, 174 brands saw their …

Double Eleven Presale Soars, With Li Jiaqi's Livestreams Driving Record-Breaking Sales
2 months ago

Double Eleven Presale Soars, With Li Jiaqi's Livestreams Driving Record-Breaking Sales

China Daily  

Top-tier livestreaming sales host Li Jiaqi achieved significant sales success during China's Double Eleven shopping frenzy, with his livestreaming sessions generating over 20 percent more purchases than last year. The surge in online retail sales is attributed to a combination of favorable economic factors, government policies, and the popularity of livestreaming among Chinese consumers.

China’s 618 shopping event brought in sales, but perhaps not profits
5 months, 3 weeks ago

China’s 618 shopping event brought in sales, but perhaps not profits

Live Mint  

China’s second-biggest online shopping event of the year generated big sales, but not necessarily the windfall that retailers have come to expect, analysts say. “A very obvious trend this year is low-price competition," as companies like Alibaba and JD learn from PDD’s method of capturing market share via low prices, added Shawn Yang, senior research analyst at Arete Research. Analysys …

618 shopping gala stimulates consumption
6 months ago

618 shopping gala stimulates consumption

China Daily  

Workers sort packages at a logistics center in Suqian, Jiangsu province, on June 14. "Consumption has become the main driving force boosting China's economic growth, and the June 18 shopping festival is pivotal to unleashing consumers' purchasing potential and promoting the recovery of the economy," said Wang Yun, a researcher at the Academy of Macroeconomic Research, which is affiliated with …

618 shopping gala stimulates consumption
6 months ago

618 shopping gala stimulates consumption

China Daily  

An employee arranges orders placed during this year's June 18 shopping carnival at a food company in Jinhua, Zhejiang province, on June 15. YANG MEIQING/FOR CHINA DAILY The enthusiasm of Chinese consumers has been evident during this year's June 18 shopping carnival, as major e-commerce platforms ramped up efforts to provide steep discounts and shopping subsidies as well as simplify …

618 shopping gala stimulates consumption
6 months ago

618 shopping gala stimulates consumption

China Daily  

Workers sort packages at a logistics center in Suqian, Jiangsu province, on June 14. "Consumption has become the main driving force boosting China's economic growth, and the June 18 shopping festival is pivotal to unleashing consumers' purchasing potential and promoting the recovery of the economy," said Wang Yun, a researcher at the Academy of Macroeconomic Research, which is affiliated with …

双语新闻播报（June 4）
6 months, 2 weeks ago

双语新闻播报（June 4）

China Daily  

> China's online retail sales up 11.5% in January-April period 商务部：今年前4月全国网上零售额同比增长11.5% A staff member sells summer oranges via live broadcasts at a digital e-commerce center in Zigui county, Yichang, Hubei province on Aug 4, 2023. China's online retail sales saw steady expansion in the first four months of 2024, with emerging growth forces continuing to boost consumption, official data showed …

【双语财讯】商务部：今年前4月全国网上零售额同比增长11.5%
7 months ago

【双语财讯】商务部：今年前4月全国网上零售额同比增长11.5%

China Daily  

据商务部介绍，2024年1至4月，我国电子商务保持较快增速，全国网上零售额4.41万亿元，同比增长11.5%。 A staff member sells summer oranges via live broadcasts at a digital e-commerce center in Zigui county, Yichang, Hubei province on Aug 4, 2023. China's online retail sales saw steady expansion in the first four months of 2024, with emerging growth forces continuing to boost consumption, official data showed on Tuesday. 5月21日发布的官方数据显示，今年1至4月，我国网络零售实现稳步增长，网络消费新增长点持续发力。 The country's online retail sales rose 11.5 …

【双语财讯】商务部：今年前4月全国网上零售额同比增长11.5%
7 months ago

【双语财讯】商务部：今年前4月全国网上零售额同比增长11.5%

China Daily  

据商务部介绍，2024年1至4月，我国电子商务保持较快增速，全国网上零售额4.41万亿元，同比增长11.5%。 A staff member sells summer oranges via live broadcasts at a digital e-commerce center in Zigui county, Yichang, Hubei province on Aug 4, 2023. China's online retail sales saw steady expansion in the first four months of 2024, with emerging growth forces continuing to boost consumption, official data showed on Tuesday. 5月21日发布的官方数据显示，今年1至4月，我国网络零售实现稳步增长，网络消费新增长点持续发力。 The country's online retail sales rose 11.5 …

【双语财讯】商务部：今年前4月全国网上零售额同比增长11.5%
7 months ago

【双语财讯】商务部：今年前4月全国网上零售额同比增长11.5%

China Daily  

据商务部介绍，2024年1至4月，我国电子商务保持较快增速，全国网上零售额4.41万亿元，同比增长11.5%。 A staff member sells summer oranges via live broadcasts at a digital e-commerce center in Zigui county, Yichang, Hubei province on Aug 4, 2023. China's online retail sales saw steady expansion in the first four months of 2024, with emerging growth forces continuing to boost consumption, official data showed on Tuesday. 5月21日发布的官方数据显示，今年1至4月，我国网络零售实现稳步增长，网络消费新增长点持续发力。 The country's online retail sales rose 11.5 …

China's online retail sales up 11.5% in January-April period
7 months ago

China's online retail sales up 11.5% in January-April period

China Daily  

A staff member sells summer oranges via live broadcasts at a digital e-commerce center in Zigui county, Yichang, Hubei province on Aug 4, 2023. BEIJING - China's online retail sales saw steady expansion in the first four months of 2024, with emerging growth forces continuing to boost consumption, official data showed on Tuesday. The country's online retail sales rose 11.5 …

China's online retail sales up 11.5% in January-April period
7 months ago

China's online retail sales up 11.5% in January-April period

China Daily  

Xinhua| Updated :2024-05-23 A staff member sells summer oranges via live broadcasts at a digital e-commerce center in Zigui county, Yichang, Hubei province on Aug 4, 2023. BEIJING - China's online retail sales saw steady expansion in the first four months of 2024, with emerging growth forces continuing to boost consumption, official data showed on Tuesday. The country's online retail …

E-tailers adopt pragmatic approach ahead of '618'
7 months ago

E-tailers adopt pragmatic approach ahead of '618'

China Daily  

A salesperson promotes jewelry via livestreaming in Lianyungang, Jiangsu province. GENG YUHE/FOR CHINA DAILY Major Chinese e-commerce platforms are offering steep discounts and shopping subsidies as well as simplifying promotional methods by canceling presale campaigns during this year's extended June 18 online shopping carnival, with direct price cuts being a preferred strategy. Data from Tmall, Chinese tech heavyweight Alibaba Group's …

E-tailers adopt pragmatic approach ahead of '618'
7 months ago

E-tailers adopt pragmatic approach ahead of '618'

China Daily  

A salesperson promotes jewelry via livestreaming in Lianyungang, Jiangsu province. GENG YUHE/FOR CHINA DAILY Major Chinese e-commerce platforms are offering steep discounts and shopping subsidies as well as simplifying promotional methods by canceling presale campaigns during this year's extended June 18 online shopping carnival, with direct price cuts being a preferred strategy. Data from Tmall, Chinese tech heavyweight Alibaba Group's …

Alibaba sees its Jan-March revenue up 7%
7 months, 1 week ago

Alibaba sees its Jan-March revenue up 7%

China Daily  

The headquarters of e-commerce giant Alibaba Group in Hangzhou, East China's Zhejiang province. Chinese tech heavyweight Alibaba Group Holding Ltd reported on Tuesday night that its revenue stood at 221.87 billion yuan during the January-March period, an increase of 7 percent year-on-year, while its net income reached 3.27 billion yuan, down 86 percent year-on-year. For the quarter ending on March …

Retailers strike gold during 8-day festival shopping spree
10 months ago

Retailers strike gold during 8-day festival shopping spree

China Daily  

Consumers check out festive products in Nanjing, Jiangsu province, on Friday. LIU JIANHUA/FOR CHINA DAILY Chinese consumers unleashed their massive purchasing power during the eight-day Spring Festival holiday, which ran from Feb 10 to Saturday, with homegrown brands that weave traditional Chinese cultural elements into their designs, health-related commodities, jewelry and electronic devices gaining in popularity, especially among younger shoppers, …

E-commerce thrives in Taizhou in 2023
10 months, 3 weeks ago

E-commerce thrives in Taizhou in 2023

China Daily  

Taizhou, located in East China's Zhejiang province, processed 1.48 billion parcels in 2023, a 6.07 percent year-on-year increase. According to data released by the National Postal Administration, Taizhou's express delivery volume catapulted the city into the top 50 nationwide, securing the 21st position. Official figures unveiled that Taizhou's online retail sales reached 146.43 billion yuan in 2023, representing a yearly …

E-commerce gives recovery solid momentum
11 months, 4 weeks ago

E-commerce gives recovery solid momentum

China Daily  

An anchor promotes products from a shared livestreaming studio in Xingtai, Hebei province, on Nov 20. FAN QINLONG/FOR CHINA DAILY Measures to spur consumption boost domestic demand, high-quality development and 2024 outlook The rapid evolution of technologies and innovations has made e-commerce, which was initially a convenient tool to buy low-priced household goods, personal accessories or services like food delivery, …

New center to extend reach of Chinese firms
1 year ago

New center to extend reach of Chinese firms

China Daily  

The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, Jan 5, 2023. "By integrating resources from Amazon, industry organizations, experts and scholars and third-party service providers, the center is expected to accelerate innovation among sellers for new product introductions, brand building, digital operations, green development and new business models, helping to tangibly improve innovation …

Worried Chinese shoppers scrimp, dimming the appeal of a Singles’ Day shopping extravaganza
1 year, 1 month ago

Worried Chinese shoppers scrimp, dimming the appeal of a Singles’ Day shopping extravaganza

Associated Press  

HONG KONG — Shoppers in China have been tightening their purse strings, raising questions over how faltering consumer confidence may affect Saturday’s annual Singles’ Day online retail extravaganza. “The hype and excitement around Singles’ Day is sort of over,” said Shaun Rein, founder and managing director of Shanghai-based China Market Research Group. “Consumers have over the last nine months been …

Singles Day lifts sales for local brands
1 year, 1 month ago

Singles Day lifts sales for local brands

China Daily  

Workers are busy packing products before this year's Singles Day shopping spree at an e-commerce seller's warehouse in Huaian, Jiangsu province, on Nov 1. ZHANG ZHAOJIU/FOR CHINA DAILY Survey: Consumers focus on domestic products as quality, value increase Pan Lin, a 23-year-old postgraduate in Beijing and a fan of Chinese brands, scrolled through online marketplaces during this year's Singles Day …

Chinese online shoppers are enticed by deep discounts, payment plans as zest for spending lags
1 year, 6 months ago

Chinese online shoppers are enticed by deep discounts, payment plans as zest for spending lags

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Chinese shoppers were treated to …

618遇上父亲节 消费者网购热情促进经济复苏
1 year, 6 months ago

618遇上父亲节 消费者网购热情促进经济复苏

China Daily  

今年的618购物节恰逢父亲节，消费者的网购热情再次被点燃，各大平台上多个商家的成交量都迎来了大幅增长。专家认为，618购物狂欢对于促进消费复苏和支撑经济发挥着重要作用。 Consumers attend the opening ceremony of the new Jingxi Joy City shopping mall in Beijing on Sunday. This year's June 18 shopping festival and Father's Day, which also fell on Sunday, saw strong consumption further boosting the nation's economic recovery. 他表示，政府应加大力度促进新能源汽车在乡村地区的销售，加快新能源汽车充电基础设施的建设，为包括旅游和文化在内的基于服务的消费领域的复苏提供更多支持。 China's retail sales — a significant indicator of consumption strength — grew 12.7 percent year-on-year in May, compared …

618遇上父亲节 消费者网购热情促进经济复苏
1 year, 6 months ago

618遇上父亲节 消费者网购热情促进经济复苏

China Daily  

今年的618购物节恰逢父亲节，消费者的网购热情再次被点燃，各大平台上多个商家的成交量都迎来了大幅增长。专家认为，618购物狂欢对于促进消费复苏和支撑经济发挥着重要作用。 Consumers attend the opening ceremony of the new Jingxi Joy City shopping mall in Beijing on Sunday. This year's June 18 shopping festival and Father's Day, which also fell on Sunday, saw strong consumption further boosting the nation's economic recovery. 他表示，政府应加大力度促进新能源汽车在乡村地区的销售，加快新能源汽车充电基础设施的建设，为包括旅游和文化在内的基于服务的消费领域的复苏提供更多支持。 China's retail sales — a significant indicator of consumption strength — grew 12.7 percent year-on-year in May, compared …

China's online retail sales log rapid expansion in Q1
1 year, 8 months ago

China's online retail sales log rapid expansion in Q1

China Daily  

A woman from Guizhou's Dong ethnic group sells handmade rabbit toys via a livestream in Congjiang county, Guizhou province on Jan 25, 2023. BEIJING -- China's online retail market registered robust growth in the first quarter of this year, data from the Ministry of Commerce showed on Friday. Specifically, sales of gold, silver and jewelry soared 28.1 percent year-on-year, and …

E-commerce, fintech surged in smaller cities post-COVID: Economic Survey
1 year, 10 months ago

E-commerce, fintech surged in smaller cities post-COVID: Economic Survey

The Hindu  

The e-commerce sector “witnessed a renewed push and a sharp increase in penetration in the aftermath of the pandemic,” the Economic Survey 2022-23 said. Those “that adopted digital solutions fared far better than offline MSMEs, assisting them in accessing a large marketplace without incurring huge costs,” according to a study by the Indian Institute of Foreign Trade cited by the …

Alibaba posts loss, slower revenue amid lower consumption
2 years, 1 month ago

Alibaba posts loss, slower revenue amid lower consumption

Associated Press  

HONG KONG — Chinese e-commerce company Alibaba Group on Thursday posted net losses and missed market expectations for revenue in its quarter ended September amid a slowing economy and depressed consumer sentiment. Revenue grew 3% compared to the same time last year to 207.2 billion yuan, as the company saw decreased consumer spending as China continued its strict COVID-19 policies …

Amazon registers 80% buyers from smaller cities this festival season sale
2 years, 2 months ago

Amazon registers 80% buyers from smaller cities this festival season sale

The Hindu  

E-commerce platform Amazon India has recorded the highest growth in the festive season sale, with 80% of the buyers coming from tier 2 and beyond towns. Mobiles and accessories saw strong double-digit growth this season as compared to Amazon Great Indian Festival 2021 and 5 times higher when compared to average business days, with 80% of customers coming from Tier …

China e-Commerce market ready for Canadian business
2 years, 3 months ago

China e-Commerce market ready for Canadian business

China Daily  

As China continues to rebound from COVID-19, the demand for Canadian-branded products is strong when they sell to the Chinese market through e-commerce platforms. Nicole Lin, business development country manager of Alibaba Group in Canada, said their services support Canadian brands and companies selling to China through cross border e-commerce. "As the world's largest e- commerce retail market, China's annual …

Domestic brands rapidly raising their game
2 years, 4 months ago

Domestic brands rapidly raising their game

China Daily  

Life experiences To cash in on the guochao trend, numerous Chinese brands are entering the market to meet the increased demand. The number of Chinese brands on Douyin, the popular streaming platform, rose by 508 percent in the 11 months from April last year to March, with domestic brands comprising 92 percent of the top-sellers. Wang Yajuan, chief marketing officer …

Xiamen tops online retail sales in Fujian during shopping festival
2 years, 6 months ago

Xiamen tops online retail sales in Fujian during shopping festival

China Daily  

Statistics showed that during the 618 shopping festival, which was from June 1 to 20, Xiamen in Fujian province generated 17.69 billion yuan in online retail sales, an increase of 12.3 percent year-on-year, which was 6.6 percentage points and 3.6 percentage points higher than the provincial and national averages, respectively. Of which, the online retail sales of physical goods reached …

Online retail booms in Qingdao
2 years, 7 months ago

Online retail booms in Qingdao

China Daily  

In the first four months of this year, the online retail sales of Qingdao, Shandong province totaled 55.75 billion yuan, accounting for 33.1 percent of the provincial total, which is an increase of 29.3 percent year-on-year, according to statistics from the Qingdao municipal bureau of commerce. A poster for an online sales event in Qingdao To meet residents' expanding consumption …

Online retail sales surpass 50b yuan in Q1
2 years, 8 months ago

Online retail sales surpass 50b yuan in Q1

China Daily  

A woman promotes clothes via livestreaming in Ningbo, East China's Zhejiang province. Online retail sales in Ningbo, East China's Zhejiang province expanded 9.9 percent year-on-year to 50.94 billion yuan in the first quarter of the year, official data showed. The top three goods sold online from the city from January to March are digital products, clothing, shoes and bags as …

Xiamen's retail sales rake in $37.58b in Jan-Nov
2 years, 11 months ago

Xiamen's retail sales rake in $37.58b in Jan-Nov

China Daily  

Statistics showed that Xiamen in Fujian province generated 239.49 billion yuan in the total volume of retail sales from January to November this year, up 14.6 percent year-on-year and 4.6 percentage points higher than the province's average. In November alone, Xiamen's total volume of retail sales reached 24.97 billion yuan, up 6.3 percent year-on-year. From January to November, Xiamen's retail …

Quzhou's retail sales gain in Jan-Sept
3 years, 1 month ago

Quzhou's retail sales gain in Jan-Sept

China Daily  

chinadaily.com.cn| Updated :2021-11-21 From January to September, total retail sales in Quzhou city – located in East China's Zhejiang province – came in at 58.94 billion yuan, an increase of 14.6 percent year-on-year, according to the latest statistics from the Quzhou municipal bureau of commerce. During the period, the city's wholesale, retail, accommodation, as well as restaurant and catering industries …

Singles Day shopping gala features green consumption
3 years, 1 month ago

Singles Day shopping gala features green consumption

China Daily  

Delivery workers move orders of navel oranges onto a high-speed train in Ganzhou, Jiangxi province, on Thursday. NI SHUXUN/FOR CHINA DAILY E-commerce heavyweights hit record highs during this year's extravaganza Despite a low-key start without countdowns on platforms, this year's Singles Day shopping extravaganza has showcased enormous consumption vitality and injected fresh impetus into China's economic development, with an emphasis …

Chinese shoppers spend $139 billion during Singles’ Day fest
3 years, 1 month ago

Chinese shoppers spend $139 billion during Singles’ Day fest

Associated Press  

BEIJING — Chinese shoppers spent $139.1 billion during this year’s annual Singles’ Day shopping extravaganza, breaking last year’s record even though spending slowed during the coronavirus pandemic. Last week, 16 e-commerce platform operators — some of which are linked to Alibaba and Meituan — were also summoned by regulators in the southern province of Guangdong and warned over “unfair competition.” …

Alibaba reports 8.45% increase in shopping blowout, cites 'consumption vitality'
3 years, 1 month ago

Alibaba reports 8.45% increase in shopping blowout, cites 'consumption vitality'

China Daily  

By He Wei in Shanghai | chinadaily.com.cn| Updated :2021-11-12 People are seen in Alibaba Group's Xixi Park in Hangzhou, East China's Zhejiang province, on Nov 11, 2021. Alibaba Group reported 540.3 billion yuan transaction in this year's Nov 11 shopping gala, citing "consumption vitality and economic resilience". As of 11 pm on Thursday, 698 small and medium-sized brands have leapfrogged …

China’s Singles’ Day shopping fest muted amid tech crackdown
3 years, 1 month ago

China’s Singles’ Day shopping fest muted amid tech crackdown

Associated Press  

HONG KONG — China’s biggest online shopping day, known as “Singles’ Day” on Nov. 11, is taking on a muted tone this year as regulators crack down on the technology industry and President Xi Jinping pushes for “common prosperity.” The Singles’ Day shopping festival — also known as Double 11 — is a massive event for China’s e-commerce companies. Alibaba …

Shopping gala opens with booming sales
3 years, 1 month ago

Shopping gala opens with booming sales

China Daily  

The Double Eleven shopping gala, a Chinese online shopping extravaganza, saw booming sales on its grand opening on Monday, which industry experts said demonstrated the country's long-term consumption resilience and vitality amid the COVID-19 pandemic. The Double Eleven shopping gala, also known as the Singles Day shopping spree, is a trend started by Alibaba's e-commerce platform on Nov 11, 2009, …

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