Singles day hits new records in 2020

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn

Alibaba Group had over $74.1 billion in sales from 1st till 11th of November, an increase of 26% compared to the same timeframe in 2019. JD.COM recorded $34,.5 billion in sales, rising 33% year on year compared with the 28% annual growth seen last year.

Chinese couriers processed 3.9 billion parcels during the 11-day time period, according to data from the State Post Bureau of The People’s Republic of China. More than 675 million parcels were processed on Nov. 11, up 26% year on year.

Home appliances, smartphones, consumer electronics, apparel, and cosmetics were the most popular product categories.

Source:

Author

Mark Kalin

Achiever, Competition, Futuristic, Maximizer, Significance

Categories

  • Applications
  • Brand
  • Business
  • Education
  • Gaming
  • Generation
  • Innovation
  • Leadership
  • Mark Kalin
  • Marketing
  • Startup
  • Technology
  • VC

Tags