Amid pandemic, Chinese consumers spend US$74.1 billion during Singles’ Day online sales festival

South China Morning Post 2020-11-11

Views 153

China’s e-commerce platform Alibaba racked up 498.2 billion yuan (US$74.1 billion) in sales between November 1 and 11, 2020. The online shopping festival, which falls on November 11 every year, is the world’s largest retail event of its kind. Shoppers scoop up everything from consumer electronics to luxury items and even cars during Singles’ Day, which was being closely watched this year as a barometer of consumer sentiment amid the Covid-19 pandemic.    Alibaba Group Holding is the parent…
Show more

Share This Video


Download

  
Report form
RELATED VIDEOS
Chinese consumers set new Singles’ Day record with US$38 billion
play
01:27

Chinese consumers set new Singles’ Day record with US$38 billion
Chinese consumers set new Singles’ Day record with sales of US$38.4 billion in 24 hours
play
01:27

Chinese consumers set new Singles’ Day record with sales of US$38.4 billion in 24 hours
Taobao China (Alibaba)
play
04:35

Taobao China (Alibaba)
Why Jim Cramer Expects Consumers to Head to Mall Amid Pandemic
play
01:00

Why Jim Cramer Expects Consumers to Head to Mall Amid Pandemic
Consumers cut back on spending as income drops
play
01:42

Consumers cut back on spending as income drops
Where Consumers Spend Stimulus Money, Which Stocks Benefit Most
play
01:10

Where Consumers Spend Stimulus Money, Which Stocks Benefit Most
Consumers cut back on spending as income drops
play
01:42

Consumers cut back on spending as income drops
U.S. consumers spend less on Black Friday on-year
play
00:59

U.S. consumers spend less on Black Friday on-year
[PDF Download] Winning the Customer: Turn Consumers into Fans and Get Them to Spend More [PDF]
play
00:07

[PDF Download] Winning the Customer: Turn Consumers into Fans and Get Them to Spend More [PDF]
Consumers cut back on spending as income drops
play
01:42

Consumers cut back on spending as income drops
U.S. economy shrank but consumers, businesses kept spending
play
00:29

U.S. economy shrank but consumers, businesses kept spending
Consumers are feeling less confident about the economy, but they're still spending - 1breakingnews.c
play
02:44

Consumers are feeling less confident about the economy, but they're still spending - 1breakingnews.c