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.
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Posted inNews Feed
JD reports a faster growth rate in Singles Day GMV than Alibaba
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]
Posted inHeavy Hitters
Singles Day 2020—bigger, longer, and more live
Singles Day, now an 11-day shopping season, once again smashed sales records for China’s major e-commerce platforms. But are shoppers tired?
Posted inViews
Singles Day from the trenches: the king of pre-sales
A TechNode reporter takes on 30 million Singles Day livestreaming shoppers in a race to buy discount hand cream from the Lipstick King.
Posted inHeavy Hitters
China’s Singles Day sales top RMB 332 billion across platforms
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 […]
Posted inHeavy Hitters
Singles Day to see more first-time shoppers from lower-tier cities: report
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.
Posted inHeavy Hitters
Singles Day sales begin, ed tech firms nab hefty funding: Retailheads
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.
Posted inHeavy Hitters
Pre-Singles Day delivery chaos, produce app Yiguo goes bust: Retailheads
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.
Posted inHeavy Hitters
China’s Singles Day sales growth bounces back to 30%
JD Internet Hospital orders for services like health checkups, vaccines, and cosmetic surgery increased 45 times in the first hour.
Posted inHeavy Hitters
Alibaba’s Singles Day sales reach $26.4 billion in first 12 hours
It took 96 seconds for sales across Alibaba’s e-commerce platforms to reach $1.43 billion.
