Singles' Day Sales - A Barometer Of Consumption
Catherine Lim, Senior Analyst, Bloomberg Intelligence
14-Nov-23 07:30
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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,
