Will Singles Day Boost China's Retail Sector?

Catherine Lim, Senior Analyst, Bloomberg Intelligence

09-Nov-22 07:30

Will Singles Day Boost China's Retail Sector?

Pause
Embed

The world’s largest annual shopping event, Singles’ Day will see its thirteenth iteration this Friday and has evolved into a multi-day extravaganza. Last year, over the 11-day sales period, Chinese e-commerce giants Alibaba and JD.com set new records, and racked up around USD115 billion in sales across their platforms. With a challenging economic environment and no end in sight for China’s zero covid policy, will the shine of the event this year be hampered by inflation and lockdowns? Catherine Lim of Bloomberg Intelligence weighs in.

Image credit: Shutterstock

Produced by: Moh Heng Ying

Presented by: Shazana Mokhtar, Wong Shou Ning, Chong Tjen San

This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories: international, economy, markets

Tags: china retail sector, singles day, alibaba group, jd.com,

Today’s Shows

11:00 AM

Best of Enterprise

(REPEAT) Sharmini Ann Jacob from KPMG Malaysia talks about turning national workforce priorities into real organisational capability, in the age of AI.

12:00 PM

Just For Kicks

(REPEAT) We look back at the semi final matches of the Carabao Cup that saw Arsenal and Man City booking their places in the final, and look ahead to Matchweek 25 of the EPL!

1:00 PM

A Bit of Culture

(REPEAT) Kam, Zan Azlee and Hafiz Noor Shams sit down together to talk about EPF retirement fund, James Brooke and the collapsing prestige of the west.

2:00 PM

Ringgit & Sense

(REPEAT) Ian Wong, Founder & CEO of Uno Advisers and licensed financial planner, shares the financial mistakes you don’t want to make in 2026.

2:30 PM

The Property Show

(REPEAT) Dr. Tan Loke Mun, Principal of DrTanLM Architect, assesses KL's River of Life project 15 years on.

3:00 PM

Best of The Bigger Picture

(REPEAT) What do the Epstein files teach us about power? To try and make sense of it all, we speak to Peter Beattie, Political Economist and Political Psychologist from the Chinese University of Hong Kong (CUHK)

4:00 PM

Best of Evening Edition

(REPEAT) With the launch of the Education Plan 2026–2035, we examine whether it can realistically deliver on the country’s ambitions as the government maps out its next decade-long direction for the education system.

5:00 PM

BBC World Service

This special episode of The Life Scientific features Dr. Eleanor Schofield, talking about her work conserving centuries-old wood and metal.

PROGRAMMES