Double 11 News Today

China’s annual Singles Day Shopping Festival obtained an overall Gross Merchandise Volume (GMV) of cosmetics totalling CNY78.6bn (USD11bn) across e-commerce platforms, with local brands making a strong showing on the best-selling charts, according to new data.

Vitamins, probiotics, lactoferrin for infants and toddlers, and over 30 nutrition products saw their transaction value at least doubled in China’s Double 11 shopping festival this year, says JD Health, amid muted consumer spending in the country for the most part of this year.

This year’s Singles particularly prescient—and surprising. Despite talk of careful, rational consumption, the event’s staggering figures tell a different story.

Shoppers in China have been tightening their purse strings, raising questions over how faltering consumer confidence may affect Saturday's annual Singles' Day online retail extravaganza. China Singles Day 2023: Worried Chinese Shoppers Scrimp, Dimming the Appeal of a Singles’ Day Online Shopping Extravaganza.

Black Friday? No. Cyber Monday? Nope. Prime Day? Absolutely not. The world's biggest shopping event happens in China each year - and it's called Singles Day.

Rationality eclipses impulse buys, prompting brands to wage a fierce platform war for customer loyalty.

OTT Pay enables its merchant partners to generate new traffic from online to offline and close the sales loop with its comprehensive marketing approaches....

From highly popular leggings to water bottles, China’s Double 11 festival, the country’s most important online shopping spree, saw increased participation this year of consumers from Europe, North Africa and Latin America, indicating that the festival has become a global shopping event and its overseas spillover effect continues to be unleashed.

GLOBALink | Technology helps Chinas logistics industry better handle "Double 11" shopping festival-

GLOBALink | 552 million parcels handled during Chinas Singles Day shopping festival-