Focus topics


High sales on Singles’ Day despite crackdown

Vendors have sold $84.5 billion worth of goods in the past eleven days on platforms of Internet giant Alibaba. Last year, sales still amounted to $74 billion. In the face of increasing regulation of tech companies, Alibaba refrained this year from its usual media hype with gala shows, constant discount offers, and live-streaming sales shows by influencers. Instead, Alibaba tried to put itself in a better light with themes such as sustainability. Around 400 brands, including Apple and L’Oréal, made more than $15 million in sales each. niw

Continue reading now

Get 30 days of free access to the Decision Brief to read these and more quality news every day.

Are you already a guest at the China.Table? Log in now

Related

    BYD signs supply contract with Sixt
    Settlement of lawsuit against JD.com founder
    Comac C919 receives certification
    Chinese Chamber of Commerce sees poor sentiment