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On November 11, Alibaba, China's leading online retailer set aside 11 minutes for online shopping. Sales during Singles Day grew to a record 540.3 billion yuan (US$84.4 billion), but the events first single digit growth figure could partially have been caused by a Singles' Day, also known as "Double 11," is on November 11, and it's the country's biggest shopping season. This dwarfs the $4.8 billion in Alibaba Group Holding Ltd.s Singles Day shopping festival posted record sales of 540.3 billion yuan ($84.5 billion), offering Chinas largest e-commerce firm a Thanks to the Chinese government, consumerism is no longer in vogue. In 2021, China's Singles' Day sales online transaction value reached 965 billion yuan, rocketing from 5.2 billion yuan in 2011. Singles' Day is the largest online shopping festival in China, which lands on November 11 every year. You need a Single Account for unlimited access. Liu Hui, Chief Data Officer of the JD Big Data Research Institute, speaks in front of a display showing live sales figures for China's biggest online shopping day, known as "Singles' Day" at an empty hall of the headquarters of online retailer JD.com in Beijing, Thursday, Nov. 11, 2021. Singles Day in 2021 will likely be no less impressive, as domestic and international demands grow and An office building of Alibaba Group is pictured on August 10, 2021 in Zhengzhou, Henan Province of China. Singles' day, 11.11, or Double 11 originated as a celebration of singledom in China but has since become the biggest sales festival in the world, eclipsing the likes of Black Friday and Cyber Monday. Alibaba Group hosted its 2021 11.11 Global Shopping Festival. Heres what we learned: Greater China: Retail and Travel Sales See Double Digit Growth YoY. A paid subscription is required for full access. In 2021, China's Singles' Day sales online transaction value reached 965 billion yuan, rocketing from 5.2 billion yuan in 2011. Singles' Day is the largest online shopping festival in China, which lands on November 11 every year. eMarketer projects that Alibaba is likely to remain China's largest e-commerce player in 2021(with an expected market share of 47 percent), followed by JD.com (17 So, in 2015, within the Alibaba Group, the value of sales reached the $14.3B mark, in 2016 it reached $17.8B, in 2017, it was no less than $25.3B, in 2018 in was $30B, and finally, in 2019 Alibaba made more than $38B in sales in 24 hours. In Greater China, retail sales on Singles Day were up nearly 20% vs. 2020. A Chastened Alibaba Tones Down Its Singles Day Retail Bonanza.

An Edited analysis found that the discounts applied on Singles' Day in the U.S. were also "the most conservative" in three years. 2020 (Nov 1 11) was the biggest Singles Day event till date for Alibaba and China, breaking all previous records. Heres how Chinas 2021 Singles Day pre-sale went By Dashveenjit Kaur | 26 October, 2021 Ahead of Chinas actual Singles Day sale, a man who live-streamed for 12 hours on Alibabas Taobao shopping platform sold an astounding US$1.7 billion in goods. The worlds biggest online shopping day, Chinese Singles Day, is coming closer. It's even become an unofficial holiday. Singles Day In 2021 Sees Emerging Trends in Chinese Retail Landscape. For Chinese shoppers, Singles Day is a sort of a national holiday. BEIJING (AP) Chinas Singles Day, the worlds largest online shopping festival which falls on Nov. 11 every year, is losing its shine, with less marketing hype and a Homepage Insight Reports Gated Insight Reports Singles Day 2021 Early Observations as Sales Total $ Singles Day 2021 Early Observations as Sales Total $139 Billion.

Chinese designed and produced products dominated sales during Singles Day, reflecting growing interest among consumers about local brands, design and culture. China's biggest online shopping day, known as "Singles' Day" on Nov. 11, is taking on a muted There is also a high sales period planned from November 1-3, providing brands with 4 peak sales days including November 11th. How did other retailers fare this 11/11? Jade Gao/AFP/Getty Images Alibaba said 382 brands already topped sales of 100 million Chinese yuan ($15.6 million) a piece between November 1 and 12:45 a.m. on November 11. This year's Singles' Day sales in the U.S. also mirrored its dimming sales performance in China. Author By Coresight Research November 12, 2021 . This means that the 2021 Singles Day Shopping Festival generated over $140 billion in sales a new record. Liu Hui, Chief Data Officer of the JD Big Data Research Institute, speaks in front of a display showing live sales figures for China's biggest online shopping day, known as "Singles' Day" at the headquarters of online retailer JD.com in Beijing, Thursday, Nov. 11, 2021. For years, I've been delaying purchases from makeup to stationery and waiting to get them during China's Singles' Day sales. Last year between Nov 1 What's Inside. And in recent years, it has become the biggest online shopping day in the world. The shopping season has witnessed significant sales rise every year since its first celebration. Alibaba is extending the Singles' Day selling cycle by adding an extended warm-up period featuring Singles' Day sales and promotions. Over this years Singles Day sales period, Alibaba said it earned 540.3 billion renminbi, or $84.54 billion at current exchange, in gross merchandise volume during the Alibaba reported a total gross merchandise (GMV) of USD 84.54 billion, which is a year-on-year increase of 8.5%, much lower than the 26% rate from 2019 to 2020. Liu Hui, Chief Data Officer of the JD Big Data Research Institute, speaks in front of a display showing live sales figures for China's biggest In China, urbanization began in the coastal regions, which also are home to Singles' Day sales in China dwarf those of Black Friday and Cyber Monday combined. November 11 (11/11) was chosen as the day for celebrating single-dom as the number 1 best represents someone sailing solo. Singles Day 2021 is also reflected in the rise of smaller cities in the expansive e-commerce market. November 11, 2021. We analyzed sales from hundreds of our partner retailers across Greater China and Southeast Asia to see how 2021 compared to 2020. 4 min read. Alibaba, JD smash Singles Day record with $139 billion of sales and focus on 'social responsibility' Published Thu, Nov 11 2021 10:43 PM EST Chinese e-commerce giant JD.com has so far racked up 311.4 billion yuan ($48.6 billion) in sales across its platforms during the Singles Day shopping event, smashing through its record last year. Alibabas annual Singles Day extravaganza, also known as the 11.11 Global Singles Day has been viewed In 2014, for example, Alibaba sales on Singles Day were $9bn USD, up 63% from 2013. Singles' Day or Guanggun Jie (Chinese: ; pinyin: Gunggn Ji; WadeGiles: Kuang-kun chieh; literally: "Single Sticks' Holiday") is a holiday popular among young Chinese people that celebrates their pride in being single. The date, November 11th (11/11), was chosen because the number "1" resembles an individual who is alone. BEIJING (AP) Chinas Singles Day, the worlds largest online shopping festival which falls on Nov. 11 every year, is losing its shine, with less marketing hype and a crackdown on the technology industry. Date 11.11.2021 Related Subjects People's Republic of China; Keywords China, Singles Day, online, retail, Alibaba; A Singles' Day ad in China. November 16, 2021 Marcia Kaplan.

The above chart indicates the impact of the Coronavirus pandemic on luxury goods shopping behaviour in China as of January 2021. An aerial view shows the Evergrande Changqing community on September 26, 2021 in Wuhan, Hubei Province, China.

Chinas statistics bureau said the countrys retail sales rose 16.4% year on year in the first three quarters of 2021. But China's online shopping frenzy typically happens once a year, on Singles Day.

Singles' Day began as an anti-Valentines' Day between friends and has since grown to become the largest single day sales event in Best Of; Sales And Deals; China Singles Day sales 2021: Best deals | Full list. Overall, this years Singles Day sales were up about 10% compared to last year. A screen shows the gross merchandise volume, a measure of sales, after 1 minute and 36 seconds of Singles Day sales in Hangzhou, in Chinas eastern Zhejiang province, in 2019. Although sales still increased from the previous year, the growth rate for Chinas Singles Day 2021 slowed down. Last year, shoppers on Taobao spent $115 billion in sales on Singles Day. Do U.S. products suffer from trade friction or bilateral tensions? The warm-up period starts on October 21, 2021 and continues until November 11, 2021. Singles Day sales tend to show impressive growth each year. Investment in China growing despite government crackdown 09.11.2021 DW Business - America 24.06.2022 BioNTech breaks ground on Rwanda vaccine factory 24.06.2022 Alibabas Tmall accounted for 59% of the total sales, while JD and Pinduoduo generated 27% and 7%, respectively. BEIJING (AP) Chinese shoppers spent $139.1 billion during this year's annual Singles' Day shopping extravaganza, breaking last year's record even though spending slowed during the coronavirus pandemic. Liu Hui, Chief Data Officer of the JD Big Data Research Institute, speaks in front of a display showing live sales figures for China's biggest online shopping day, known as "Singles' Day" at the headquarters of online retailer JD.com in Beijing, Thursday, Nov. 11, 2021. Read on to explore the highlights of this Singles day 2021 will see record-breaking sales surpassing the previously set benchmark of $74.1 billion. With 2021s edition of the worlds biggest shopping event poised to overtake all previous years numbers, with 550 billion RMBs worth of sales forecast, so too have Each November 11, also known as the Singles Day shopping festival, TWOC compiles a round-up of some of the most imaginative products Chinas e-commerce merchants have tried to sell online. Thanks to an earlier start and huge promotions, this year's Singles Day has attracted a record 290,000 brands (over 90,000 more than just two years ago), and more than 14 million discount deals. The mega shopping event that originated in China has now gripped the entire globe with a shopping spree. Singles Day has been consistently growing year on year. Chinas Singles Day, previously a celebration of unbridled spending, had a very different tone this year.

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