LINE

    Text:AAAPrint
    Business

    12th Singles Day festival marked by less flash and more rational shopping

    1
    2021-11-12 08:25:40China Daily Editor : Li Yan ECNS App Download

    Warehouse staff members sort parcels at the Guizhou express logistics park in Longli county, Guizhou province on Nov 9. (Photo by Deng Gang/for chinadaily.com.cn)

    This year's Singles Day shopping festival on Thursday featured no flashy discounts or star-studded performances.

    Instead, companies pointed to inclusive growth and eco-friendliness while taking the Nov 11 shopping extravaganza into its 12th year, and some consumers opted for more rational shopping.

    In a departure from the previous festivals, Alibaba did not disclose gross merchandise volume via its plethora of platforms halfway through the event. Last year, that figure stood at a staggering 498.2 billion yuan ($77.9 billion).

    It did, however, emphasize its role in empowering small and medium-sized brands, saying they have "leapfrogged" in sales.

    For instance, in the first 45 minutes of Thursday, 411 smaller brands had reported gross merchandise volume of over 10 million yuan, 40 of which topped the 100 million-yuan threshold, according to data from Tmall, Alibaba's business-to-customer site.

    Chinese labels are also gaining traction among overseas buyers, with sportswear brand Erke recording sevenfold sales growth to foreign markets via Tmall and Taobao during this year's campaign.

    Rival JD reported that accumulated sales volume had topped 311.4 billion yuan as of 2:08 pm on Thursday, surpassing last year's total sales. It said mobile phones, refrigerators, flat-panel TVs, washing machines and air conditioners as the top-performing categories based on early transaction data.

    "The passion for Nov 11 is here to stay, as it is a pivotal avenue to unleash people's potential for spending on quality goods," said Jason Yu, general manager of consultancy Kantar Worldpanel.

    "But the festival needs to find new ways to appeal to customers, for instance by emphasizing green logistics and allowing people to enjoy discounts without staying up all night."

    Meanwhile, some customers called for rational shopping.

    "I am getting sick of the sophisticated gameplay of winning coupon rebates," said Hong Wei, an accounting specialist in Shanghai. "I buy what I need, and I will not fall for marketing stunts."

    MorePhoto

    Most popular in 24h

    MoreTop news

    MoreVideo

    LINE
    Back to top About Us | Jobs | Contact Us | Privacy Policy
    Copyright ©1999-2021 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.
    [網上傳播視聽節目許可證(0106168)] [京ICP證040655號]
    [京公網安備 11010202009201號] [京ICP備05004340號-1]
    主站蜘蛛池模板: 吐鲁番市| 东方市| 凤冈县| 仪陇县| 宜兰县| 台北县| 益阳市| 永济市| 綦江县| 松桃| 辰溪县| 宽城| 通化县| 如皋市| 江陵县| 武宣县| 隆德县| 正镶白旗| 普兰店市| 侯马市| 运城市| 会理县| 江口县| 长兴县| 抚宁县| 富民县| 内乡县| 天祝| 敦煌市| 岚皋县| 海阳市| 五常市| 桑日县| 临猗县| 祁阳县| 绥德县| 桐庐县| 三穗县| 饶河县| 来安县| 郑州市|