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Singles' Day Sales - A Barometer Of Consumption

Catherine Lim, Senior Analyst, Bloomberg Intelligence

14-Nov-23 07:30

Singles' Day Sales - A Barometer Of Consumption

The China's Singles' Day extravaganza concluded over the weekend after weeks of promotions across the country. Seen as the world’s most significant shopping event, 11/11 saw e-commerce leaders like Alibaba Group and JD.com reporting improvements in gross merchandise value and order amounts, but they declined to reveal actual numbers. Catherine Lim, a senior analyst at Bloomberg Intelligence shares her observations.

Image credit: Shutterstock.com

Produced by: Moh Heng Ying

Presented by: Wong Shou Ning, Keith Kam


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Categories:  markets

Tags:  china's singles' day extravaganza,  e-commerce,  alibaba group,  jd.com, 


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