An employee sorts packages for delivery ahead of the Singles’ Day shopping festival at Tianma E-commerce Industrial Park in Lianyungang, Jiangsu province on Tuesday. Photo: AFP
An employee sorts packages for delivery ahead of the Singles’ Day shopping festival at Tianma E-commerce Industrial Park in Lianyungang, Jiangsu province on Tuesday. Photo: AFP
E-commerce

Alibaba, JD.com post healthy presales for Singles’ Day but consumer spending may be slowing

  • Alibaba and JD.com, China’s leading e-commerce platforms, recorded robust sales during the first round of the Singles’ Day shopping spree
  • However, a third of consumers recently surveyed by Bain & Company said they expected to spend less on Singles’ Day this year

An employee sorts packages for delivery ahead of the Singles’ Day shopping festival at Tianma E-commerce Industrial Park in Lianyungang, Jiangsu province on Tuesday. Photo: AFP
An employee sorts packages for delivery ahead of the Singles’ Day shopping festival at Tianma E-commerce Industrial Park in Lianyungang, Jiangsu province on Tuesday. Photo: AFP
READ FULL ARTICLE