Chinese online retail giant Alibaba said sales from the annual slotxo Singles' Day ***spam*** had surpassed $ 70 billion. After several months of discouraging consumers from traveling and shopping due to the COVID-19 crisis Brought together many shopping bags
Reuters news agency reported that the promotion of Singles Day products. Which is greater than The Black Friday and Cyber Monday ***spam*** events in the US run for four days this year, and so far the last order of orders was higher than merchants received at Amazon's Prime Day event. It rose 20 times last month, indicating a state of recovery in China's economy after the worst of the COVID-19 outbreak. As well
Liu Po, the company's vice president, told reporters that The incidence of COVID-19 crisis Causing many Chinese people can not travel abroad And became a catalyst for online consumption behavior
The response to this year's annual sales event should help Alibaba feel better after losing around 10 percent of its market value last week. The Chinese regulators suspended plans for an initial public offering of its subsidiary Ant Group.
Alibaba opened the Singles Day ***spam*** earlier than usual. By offering lesser-known brands The first phase of the event was held between November 1st and 3rd before the event was held on the actual day, which is November 11, but the sales figures for the 11-day period were kept.
This huge ***spam*** event celebrating Singles Day 11th on the 11th took place for the first time in 2009. It was not just a ***spam***. But there are also various performances Many throughout the day And sales last year hit a record $ 38.4 billion.
Analysts expect This year's event program will be very helpful for the luxury luxury portfolio. Because Chinese consumers do not have the same opportunity to travel and shopping abroad like every year.
