Singles Day

Chinese e-commerce giants have been coy about actual sales. Both Alibaba Group and JD.com did not disclose sales figures for this year's Singles' Day shopping season.

Singapore e-commerce players report strong Singles’ Day sales

Major platforms decline to disclose overall numbers or year-on-year comparisons, but grocery and travel-related sales see growth

2024-11-17T07:00:00.000Z

Gross merchandise value for China’s e-commerce platforms has increased only 2 per cent for the 11.11 sales day this year, based on estimates from data provider Syntum.

Economy & Policy

Singles’ Day sales up in Singapore ahead of GST hike

SINGAPORE shoppers seeking to beat a Goods and Services Tax (GST) hike next year may have boosted the Singles’ Day sales figures of e-commerce platforms, although consumer spending across categories w...

2023-11-14T12:55:54.000Z

Alibaba is fighting back against rivals such as Douyin and Pinduoduo who have changed the landscape of Chinese e-commerce in recent years by selling lower-cost and discounted items year-round, relying on approaches like live-streaming and taking the shine off mega events like Singles Day.

Companies & Markets

Alibaba banks on aggressive Singles Day pricing to recoup sales mojo

China’s Alibaba is pressuring merchants to offer rock-bottom prices on its marketplaces in this year’s Singles Day extravaganza, three industry sources said, as the e-commerce company seeks to boost s...

2023-10-31T07:36:42.000Z

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