11.11 Archives - Inside Retail Asia
More than 1 million orders were placed and processed through voice command via Alibaba’s Tmall Genie during its 11.11 Global Shopping Festival on Monday.
Alibaba’s Singles Day retail promotion is over for another year – and predictably a new record was set.
Alibaba’s Singles Day kicked off at minute and this year it took just 68 seconds for the first US$1 billion in turnover.
While eye-popping sales numbers have become routine for Alibaba’s Singles Day on 11.11, Forrester senior analyst Xiaofeng Wang expects this year’s event will be “grander than ever”.
Alibaba Group has launched its 2019 11.11 Global Shopping Festival, taking the annual event into its second decade.
Alibaba Group boosted second-quarter revenues by 42 per cent, as the number of active users on its e-commerce sites grew by 20 million.
L’Oreal Asia Pacific sales soared by a staggering 24.1 per cent on a like-for-like basis last year.
November Singapore retail sales were static, rising just 0.2 per cent year on year.
China’s slowing economy was the primary reason for the slowing growth of sales on Alibaba’s Singles Day on Sunday.
E-commerce giant sees $42 billion in transactions over 24 hour period.
Tmall and Swire Properties are launching a New Retail initiative creating tailored retail experiences at Swire Properties’ five mainland malls.
Chinese O2O retailer Suning has posted RMB172.97 billion (US$24.79 billion) in operating revenue in its third quarter performance report.