Analysys

Alibaba, JD.com claim big win in Singles’ Day sales as consumer spending bounces back

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Alibaba, JD.com claim big win in Singles’ Day sales as consumer spending bounces back

Alibaba Group Holding and JD.com wrapped up their respective Singles’ Day promotions this year, with both Chinese e-commerce giants claiming strong results that signify a rebound in domestic consumer spending during the world’s largest annual shopping festival. Taobao and Tmall Group (TTG), Alibaba’s domestic e-commerce business unit, on Tuesday said its Singles’ Day campaign had … Read more

Chinese e-commerce sales up 14% during 618 shopping festival, report says

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Chinese e-commerce sales up 14% during 618 shopping festival, report says

Douyin, the Chinese version of TikTok, led all other platforms with a 26.2 per cent surge in GMV, followed by Pinduoduo’s 17.7 per cent and Kuaishou’s 16.1 per cent. Alibaba and JD.com saw GMV grow 12 per cent and 5.7 per cent, respectively, according to Analysys. Workers sort parcels at an express logistics company in … Read more