Reported 12 days ago
Chinese e-commerce companies reported an increase in sales and shoppers during this year's Singles' Day shopping festival. Alibaba noted that 45 brands surpassed 1 billion yuan in gross merchandise value. Both Alibaba and JD.com experienced robust growth in transaction volume, with JD.com reporting a 20% increase in shoppers. Although past sales figures are no longer disclosed, experts estimate post-COVID growth has slowed. The festival continues to reflect consumer sentiment shifts toward experiences and hobbies.
Source: YAHOO