Singles’ Day sets new record

President of Taobao and Tmall Fan Jiang

The Singles’ Day shopping bonanza set a new record yesterday, with sales on Alibaba’s platforms reaching $38.4bn.

Chinese e-commerce giant Alibaba said that sales through its payment platform were up 26% compared with last year as the day cemented its place as the world’s biggest shopping event.

Alibaba said that its logistics arm, Cainiao Network, processed 1.3bn delivery orders and the top five countries selling to China through its cross-border platforms were: Japan, US, South Korea, Australia and Germany.

“Today we showed the world what the future of consumption looks like for brands and consumers,” said Fan Jiang, president of e-commerce platforms Taobao and Tmall. “We are meeting the growing demand of Chinese consumers and helping them upgrade their lifestyles, while introducing new users to our digital economy from across China and around the world.”

Meanwhile, JD.com reported sales of RMB204.4bn, up 27.9% on a year ago.

“Key highlights were performance in lower-tier cities (defined as 3-6 tier cities), continued focus from Chinese consumers on quality products and deeper omnichannel integration across the business,” the e-commerce firm said.

Share this story

Related Topics

Latest airfreight disruptors news

DHL Global Forwarding adds chatbot to customer portal

DHL Global Forwarding has added a chatbot to its myDHLi customer portal as one of a number of upgrades aimed…

Read More

Share this story

Wiremind and WestJet Cargo explore capacity forecasting

WestJet Cargo and Wiremind have begun working together to improve capacity forecasting at the airline to improve efficiency. A Proof…

Read More

Share this story

Silk Way West opts for cargo.one booking platform

Baku, Azerbaijan-headquartered freighter operator Silk Way West Airlines has chosen cargo.one as its preferred booking platform to offer the airline’s…

Read More

Share this story

Damian Brett

Damian Brett
I have been writing about the freight and logistics industry since 2007 when I joined International Freighting Weekly to cover the shipping sector.After a stint in PR, I have gone on to work for Containerisation International and Lloyds List - where I was editor of container shipping - before joining Air Cargo News in 2015.Contact me on [email protected]