Alibaba

Wanwu Dezhi aims to revive and upgrade the time-honored Chinese Wenwan market.

However, for the first time, Single’s Day total GMV fell short compared to 6/18’s GMV in June.

The State Post Bureau predicts the total parcel volume for Singles’ Day to reach 3 billion.

The penetration rate of livestreaming e-commerce in China was 4.1% in 2019 and is expected to reach 8.6% by the end of 2020 and 14.3% by 2021.

China’s tech giants feel the chill of a tighter regulatory environment.

Alibaba’s Double 11 has become bigger and more accepted in Southeast Asia, says one expert.

86% of online shoppers in China plan to spend the same, if not more than they did in last year’s sales event.

Alibaba’s famous shopping festival gives customers a longer window to capitalize on discounts this year.