Alibaba records RMB 168.2 Billion in Singles’ Day Sales

On this year's Singles' day, Alibaba's total GMV exceeded RMB 168.2 billion (more than $25.3 billion), and a whopping 812 million delivery orders were made, with 90% of the GMV coming from mobile. During the 24 hours, 1.48 billion payment transactions were processed, with a 41% YoY growth."On November 11, 167 merchants surpassed RMB 100 million in sales, 17 merchants surpassed RMB 500 million…

Alibaba vs JD: Getting Singles Day packages to your door

For the past few weeks, Chinese e-commerce titans have been racking their brains as the year's largest shopping spree, Singles' Day is fast approaching on November 11. This isn't just a competition of who has the best marketing stunts or the biggest subsidies for vendors; the life and death of the online retailers also depend on those who deliver the parcels safe and on-time.This year's Singles…

Taobao to offer two-hour delivery in 8 Chinese cities for ‘Double 12’ e-commerce holiday

Alibaba's 'Double 12' e-commerce event may seem like less of a deal compared to the massive shopping and specials spree that is Singles Day (November 11) in China. But Taobao is upping the ante for its December event with delivery times as low as two hours in select cities, as well as sizable discounts, Tencent reports.This year's event kicks off on December 1 and lasts through December 12. The…

Briefing: Amazon China brings special cross border Black Friday sales to China

“黑五”来袭,亚马逊中国如何打造纯正的海淘狂欢?- ifeng.comWhat happened: Global e-commerce giant Amazon is bringing the Black Friday sales to China. From November 22 to November 24 (Beijing time), Amazon China's international sales channel allows users to purchase discounted items as same as how global consumers including those from US, UK, Germany, and Japan do. According to Amazon, the event waives global shipping…

11: China’s internet car and China’s singles problem

This week we look back at the recent TechCrunch Shanghai.Download this episodeLinksWhat you missed at TechCrunch Shanghai 2017 Linda LewNIO is putting users first, selling cars second Live blog: 24 hours at TechCrunch Shanghai hackathon Announcing the winners from 2017 TechCrunch Shanghai hackathonRita LiaoTantan wants to solve China's singles…

Tantan wants to solve China’s singles problem

Tantan, the Chinese app most comparable to Tinder, hopes to solve China's growing problem of too many singles.“There is a serious lack of opportunities for China’s young singles to make new friends. And this problem is much bigger than that in the west,” says Tantan's founder and CEO Wang Yu at TechCrunch Shanghai. “In Sweden for example, there are parties almost every day starting at junior…

Amazon China quietly brings Black Friday to China

While China's insatiable consumers are still recovering from their hangover on Singles Day—the country's equivalent of Black Friday and now the world's largest shopping spree—Amazon China is bringing the real Black Friday to the country as Thanksgiving falls on Thursday this week.Many Chinese shoppers may not be aware, but the American e-commerce giant has been running its Chinese version of…

Pony Ma takes aim at competition with open letter days before China’s largest shopping spree

Ahead of Tencent's seventh annual Global Partner Conference to be held on November 8-9, where third-party developers and partners around the world gather to learn about the latest moves of the Chinese tech behemoth, Tencent's founder and CEO Pony Ma released an open letter (in Chinese) on October 30 outlining seven key areas where the company is flexing its muscles.Deep integration: Promote…

Alibaba and JD gear up for China’s Single’s Day shopping frenzy

China’s largest shopping craze Double 11 (aka Single’s Day) is set to kick off on November 11th, and the country’s e-commerce giants Alibaba and JD are preparing to get the most our of consumers’ pockets.Single’s Day this year marks the one-year anniversary of Alibaba’s “New Retail” strategy launch. For JD, this time will be its first Single’s Day shopping spree after JD’s CEO Richard Liu…

China’s couriers raise price ahead of Single’s Day shopping frenzy

Prior to the Single’s Day shopping craze, China’s two major courier services ZTO Express and Yunda Express announced this week that they are raising prices.ZTO Express posted an announcement on its official website on Wednesday, stating that delivery fees are subject to variation due to the rising costs of transportation, labor, and packaging materials. Yunda Express also released a statement,…