Discounts encourage spending over holiday

Ding Yining
Vendors report strong sales in the city over the 5-day holiday period while nationwide bank card transactions through China UnionPay reached a record 1.91 trillion yuan.
Ding Yining
Discounts encourage spending over holiday
Ti Gong

Vendors reported strong sales over the five-day holiday.

Vendors reported strong sales over the Labor Day holiday as shoppers made full use of discount deals over the five-day break. 

Alibaba's Tmall supermarket businesses recorded an increase of 60 percent in Shanghai compared with the same period last year. The RT Mart supermarket chain, in which Alibaba holds a majority stake, offered over 3,000 products at half price. 

More than 10 million yuan (US$1.54 million) worth of discounts were available to local shoppers through Alibaba’s retail sites and payment tools. 

Nationwide bank card transactions made through the China UnionPay network reached a record 1.91 trillion yuan, up 5.5 percent from a year earlier. 

The number of online transactions and the payment value surged 18 percent and 46.9 percent, respectively, with travel agencies seeing the biggest rebound. 

City marketing executive Jean Yao took a trip to Anhui Province with her family on the last two days of the holiday. “It’s easy to use the public transport there with the Shanghai Metro pass on the smartphone,” she said. 

Alipay's payment figures showed transactions at tourist spots surged two times from a year earlier with more than 60 percent contributed by travellers from lower-tier cities. 

Local services such as museums, entertainment venues, movie theaters, beauty parlors were a major attraction with the number of search queries jumping nearly 20 percent. 

Freshippo's new Shanghai specialty dishes attracted more than 50,000 shoppers. Its pop-up store at the Oriental Pearl TV Tower, a major tourist attraction, saw a daily average of 6,000 visitors. 

Shanghai also ranked first at the box office with 78.3 million yuan of sales, according to Meituan-backed Maoyan’s Entertainment, an online ticketing service provider, followed by Beijing and Guangzhou. 

Shanghai offered a variety of entertainment activities, exhibitions and art shows to those who preferred stay in the city. 

Lillian Li, an accountant in her early 30s, visited the architect exhibition at the Bund Finance Center.

"I want to stay relaxed for the holiday and avoid the hustle from travel," she said.

Shanghai-headquartered fresh food delivery site Dingdong Maicai said sales jumped 50 percent from a year ago after 400 million yuan of coupons were offered, and ready-to-cook dishes from local time-honored brands were the top selling items. 

Tmall joined Bailian's shopping venues to offer livestreams to give online viewers a glimpse of local trendy spots. 

Meituan said it will forge closer ties between online lifestyle services and local merchants and stage a global food gourmet season in the city later this month. 

"We will contribute to boost local consumption by helping merchants with their digital transformation through formats such as special promotional sections on the Meituan app," said Mao Fang, Meituan’s vice president. 

It noted higher demand for traditional Chinese style entertainment venues, offline activities and tourist attractions. 

Special Reports