Singles Day is still a big deal, but people were less obsessed with the shopping event this year, at least as indicated by sales trends.
Alibaba generated RMB 540.3 billion ($84.5 billion) in gross merchandise volume (GMV) during Singles Day, an annual shopping festival. This year’s figure increased 8% compared to last year, the first single-digit growth for Alibaba in the past decade. JD.com recorded RMB 349.1 billion in GMV for its Singles Day promotion, a 28% increase from last year’s figure. [JD press release, in Chinese]
Singles Day, now an 11-day shopping season, once again smashed sales records for China’s major e-commerce platforms. But are shoppers tired?
A TechNode reporter takes on 30 million Singles Day livestreaming shoppers in a race to buy discount hand cream from the Lipstick King.
Chinese e-commerce giants including Alibaba and JD.com have announced new record-breaking sales for Singles Day, the 11-day shopping extravaganza that ended Wednesday at midnight. Why it matters: Singles Day, typically a 24-hour event, has evolved into a weeks-long shopping festival. Alibaba, credited with popularizing the promotion, extended the event this year by creating two shopping […]
For this year’s Singles Day shopping festival in China, there will be more first-time shoppers from lower-tier cities than from first and second-tier cities.
China is already gearing up for Singles Day, while two of the country’s largest ed-tech firms each nabbed in hundreds of millions of dollars in investment.
A troubled week for logistics companies ahead of Singles Day amid delivery driver strikes and Alibaba-backed Yunda Express’s boycott of an SEA rival.
JD Internet Hospital orders for services like health checkups, vaccines, and cosmetic surgery increased 45 times in the first hour.
It took 96 seconds for sales across Alibaba’s e-commerce platforms to reach $1.43 billion.