More fun facts about Singles Day sales
In the past week, China’s major online shopping platforms shattered records during the Singles Day shopping spree, which opens a window into the nation’s spending potentials in the domestic market.
Singles Day sales on Alibaba’s e-commerce platform in past years
However, sales growth has been slowing down...
The sales growth on Alibaba’s e-commerce platform on the Singles Day is gradually slowing down. Sales in 2019 posted a 25.7 percent increase, compared with the close to 50 percent average annual growth rate from 2013.
Top 5 regions with the most spending on Tmall
Most popular imported products on Tmall
China’s strong domestic demands also send out positive signals to the global market. Compared with only 27 brands in 2009, Alibaba platforms attracted more than 22,000 overseas brands from over 200 countries and regions this year.
New technology empowers more Chinese consumers to buy online and get the products in time.