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2021 Singles Day: Record Sales for Subdued Event
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China's Singles Day, previously a celebration of unbridled spending, had a very different tone this year. Thanks to the Chinese government, consumerism is no longer in vogue. Nevertheless, both Alibaba — whose founder Jack Ma started the event — and JD.com, its closest competitor in revenue, racked up record sales.
Topics: million, prosperity, singles, record, billion, jdcom, growth, chinese, products, sales, alibaba, event, day, subdued. -
Alibaba rival JD sees Singles’ Day revenue jump 27% thanks to offline push
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Alibaba may have pioneered the concept of Singles’ Day, the world’s largest shopping day based on sales, but it very much is not the only e-commerce giant involved. JD.com, Alibaba’s biggest rival in China, just announced that it sold RMB 159.8 billion ($23 billion) in goods for its Singles’ Day campaign. Unlike Alibaba, which racked up $31 […]
Topics: rival, day, offline, goods, singles, stores, thanks, jd, alibaba, jds, gmv, jump, push, sees, billion, revenue, sales. -
Alibaba sets new Singles’ Day record with $31B in sales, but growth is slowing
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Alibaba scored another blockbuster Singles’ Day after customers around the world shopped in stores and online on the tenth edition of its November 11 shopping festival. That puts this year’s gross merchandise volume – a measure for the dollar value of total transactions – at a staggering $30.8 billion, although the company recorded its lowest-ever […]
Topics: billion, sets, record, shopping, online, items, alibaba, growth, day, zhang, singles, 31b, slowing, sales. -
Alibaba’s 2018 Singles Day: Record Sales, Slower Growth
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Alibaba's tenth Singles Day event this past Sunday again set a 24-hour sales record. Those results represent an increase of about 27 percent over last year, smaller than the 39 percent year-over-year increase achieved in
Topics: chinese, consumers, million, alibaba, lazada, sales, billion, growth, united, record, singles, alibabas, slower, day. -
Alibaba’s Singles Day achieves US$1 billion in sales in 68 seconds
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Alibaba’s Singles Day kicked off at minute and this year it took just 68 seconds for the first US$1 billion in turnover.
Topics: shopping, shoppers, midnight, seconds, play, zhao, alibabas, sales, day, billion, achieves, singles, processed, us1. -
Alibaba’s Singles Day next week will be ‘grander than ever’ predicts analyst
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While eye-popping sales numbers have become routine for Alibaba’s Singles Day on 11.11, Forrester senior analyst Xiaofeng Wang expects this year’s event will be “grander than ever”.
Topics: china, sales, social, day, services, online, complex, singles, grander, analyst, alibabas, consumers, predicts, week. -
Alibaba’s Singles Day sales up 26 per cent on last year
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Alibaba’s Singles Day retail promotion is over for another year - and predictably a new record was set.
Topics: million, alibabas, cent, singles, tmall, retail, online, alibaba, chinese, sales, day, brands. -
Alibaba’s Singles’ Day sales top $38 billion
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After 24 hours of frenzied buying and selling, and weeks of aggressive advertising and promotions before it, the Alibaba Group said today its sales hit another record high on Singles’ Day, the biggest shopping day on the planet. The Chinese e-commerce giant said its platforms sold goods worth 268 billion yuan, or $38.4 billion today, […]
Topics: number, techcrunch, event, today, alibaba, group, goods, alibabas, sales, day, billion, singles. -
China proposes antitrust law ahead of Singles’ Day shopping spree
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Debates over anti-competitive practices amongst China’s internet firms resurface every year in the lead up to Singles’ Day, a time when online retailers exhaust their resources and deploy sometimes sneaky tactics to attract vendors and shoppers. This year, just a day before the world’s largest shopping festival was scheduled to fall on November 11, China’s […]
Topics: ahead, china, antitrust, tencent, proposes, platform, techcrunch, internet, draft, day, spree, singles, jdcom, chinas, alibaba, industry, shopping, worlds, law. -
China to ship 3 billion parcels during post-COVID Singles’ Day
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China’s e-commerce behemoths Alibaba and JD.com again claimed to have set records during the world’s largest shopping event, Singles’ Day. The figures can often be gamed to paint a rosy picture of perpetual growth, journalists and analysts have long observed, so they are limited metrics for measuring the firms’ performance or Chinese consumers’ purchasing power […]
Topics: ship, china, postcovid, jdcom, shopping, day, singles, techcrunch, delivery, workers, parcels, alibaba, speed, logistics, billion. -
China’s slowing economy suppresses Singles Day
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China’s slowing economy was the primary reason for the slowing growth of sales on Alibaba’s Singles Day on Sunday.
Topics: economy, chinese, continue, chinas, slowing, suppresses, growth, event, consumers, day, events, billion, singles. -
Chinese consumers embraced voice ordering on Singles Day
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More than 1 million orders were placed and processed through voice command via Alibaba’s Tmall Genie during its 11.11 Global Shopping Festival on Monday.
Topics: ordering, tmall, china, million, genie, shopping, embraced, singles, voice, speakers, speaker, smart, consumers, sales, chinese, day. -
Ecommerce lessons from Singles Day: How to plan next year’s holiday outreach
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As Singles Day continues to overtake the traditional Black Friday/Cyber Monday in terms of sales, merchants eye the holiday with increasing jealousy. And this means we'll see much more adoption and popularization, and so it may be time to consider how this shopping holiday might fit best into your retail business.
Topics: consider, holiday, plan, lessons, really, shoppers, shopping, day, holidays, sales, singles, ecommerce, outreach, black. -
Giant JD E-space store to open on Singles Day in Chongqing
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A 50,000sqm JD E-Space experience store opens on Singles Day in Chongqing, JD’s largest store yet.
Topics: experience, day, jd, giant, offline, store, singles, espace, chongqing, consumers, shopping, appliances, open, products, features. -
Last Year, Alibaba's Singles Day Shopping Event Sales Hit $1 Billion in 85 Seconds
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This happened in spite of tariffs and other challenges to Chinese tech.
Topics: billion, singles, hit, day, event, yuan, ups, seconds, sales, alibaba, festival, unfettered, worth, alibabas, shopping. -
Massive delivery challenges ahead for Singles Day 2018
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Alibaba and its partner retailers will face a massive challenge ensuring flawless delivery of millions of parcels on Singles Day 2018.
Topics: day, logistics, retail, tmall, ahead, event, massive, delivery, parcels, challenges, million, consumers, singles. -
News Cart for November 21st
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Hello ECFriends, Nike made waves recently by pulling its products from Amazon, triggering speculation on whether other brands will follow suit. Facebook unveiled a system to simplify payments across Facebook, Messenger, Instagram and WhatsApp. TikTok is testing shoppable links, and beware the self-deleting JavaScript payment skimmer. Check out these stories and more in this week’s [...]
Topics: singles, job, wholesale, 21st, facebook, cart, payment, shoppable, store, users, instagram, messenger. -
Predictably…Alibaba achieves record Singles Day sales
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E-commerce giant sees $42 billion in transactions over 24 hour period.
Topics: achieves, day, singles, predictablyalibaba, alibaba, shopping, consumers, record, world, shankar, settled, billion, sales. -
Singles' Day Sales in China Hit $ 1 Billion in 85 Seconds for Alibaba
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This happened despite the tariffs and other challenges to Chinese technology.
Topics: online, billion, singles, china, hit, day, event, seconds, sales, alibaba, festival, products, worth, shopping. -
Singles’ Day: China’s $25 billion shopping festival explained
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This Sunday is November 11, an auspicious date within the Chinese tech community because it marks Singles’ Day, the world’s largest online shopping day. This year is particularly poignant because it will be the tenth edition of the annual event — also known as Double Eleven — since it was created by Alibaba, the Chinese e-commerce […]
Topics: offline, shopping, alibabas, ecommerce, sales, billion, alibaba, singles, china, day, retail, explained, festival, chinas. -
Switzerland embraces Singles’ Day
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In Switzerland, online retailers will be competing each other with the highest discounts ealier this year. The last couple of years, big discounts were handed out on Black Friday or Cyber Monday, but this year, things are about to change. Several online retailers in Switzerland are now focusing on 11 Continue reading
Topics: zrotz, online, retailers, special, discounts, embraces, black, switzerland, singles, day, offer.