Singles Day Archives - Page 5 of 5 - Inside Retail Asia

Logistics power China to online record

Chinese shoppers will spend US$10 billion in just one day on November 11, creating a new global record. That is the day, dubbed Singles Day, where China’s online market leader Alibaba and its subsidiaries launch online promotions in a move which mirrors the US’ Cyber Monday, the post Thanksgiving sale day which this year falls on December 1. According to data from the McKinsey Global Institute, the sales of Alibaba on November 11, last year reached RMB35 billion – far more than the ove…

A 3 D holiday season

I’ve spent the last month or so up to my armpits in tinsel, as I’ve analysed the ‘holiday season’ in Australia and right around the world (from November through to January). I wanted to know what worked, what didn’t, and what I could learn as retailers start to prepare again for a trading time that can account for up to 60 per cent of sales and 80 per cent of profitability. One of the fascinating things I learned was that quite possibly the biggest holiday event in the world, act…

Alibaba soars on Singles Day

E-commerce giant Alibaba has raked in 35 billion yuan ($5.75 billion) during Singles Day, China’s biggest online shopping day. That’s far higher that the 19.1 billion yuan of last year. Discounts are what prompted the shoppers to spend online. Starting midnight, Tmall’s vendors started cutting prices by 50 per cent or more on selected products from 20,000 Chinese and international merchants including Steven Madden and Gap. Before the sales, Alibaba’s founder and chairman Jack Ma told me…

Singles Day: the next spending boom

Singles Day, a pop culture holiday in China, is set to be the next big retail spending date. On November 11, young Chinese will celebrate their bachelor life – and online retailers are ramping up plans to cash in on the event, another potential mainstay of consumer spending in the vein of Valentines Day, Black Friday in the US, and Christmas in the west. E-commerce players Tmall.com and Taobao.com, which achieved a sales volume worth 19.1 billion yuan last year, is out to attract more shop…