Alibaba, JD Tout Singles’ Day Highs While China Economy Sags

5 days ago · Alibaba, JD Tout Singles’ Day Highs While China Economy Sags. 1 / 2. Alibaba, JD Tout Singles’ Day Highs While China Economy Sags. Bloomberg News . Tue, Nov 12, 2024, …

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5 days ago · China's Singles' Day wraps up super-sized sales event with volume, shopper growth; Alibaba, JD.com claim big win in Singles' Day sales as consumer spending bounces back; …

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FAQs about Alibaba, JD Tout Singles’ Day Highs While China Economy Sags Coupon?

Is Alibaba's 'Singles' Day' a good indicator for Chinese consumer spending?

There are other promising signs. Alibaba reported robust sales growth for the month-long Singles’ Day shopping season — the marquee event it invented more than a decade ago that now serves as a barometer for Chinese consumer spending. ...

Will Alibaba's 3Q earnings slide below last year's level?

Alibaba, for instance, didn’t disclose overall sales for Singles’ Day. Alibaba’s steeper-than-expected drop in fiscal 2Q Taobao-Tmall profit, despite meeting consensus for a wider sequential ex-direct revenue gain of 3.5%, raises the risk that 3Q earnings may slide below last year’s level. ...

Did Taobao-Tmall gain market share during 2024 Singles' Day?

What Bloomberg Intelligence Says Alibaba reported gross merchandise-value growth from the lengthier 2024 Singles’ Day promotional campaign vs. a year earlier, and we think, based on industry reports, that Taobao-Tmall gained market share from JD.com’s rival platform during the festival. ...

What happened to Alibaba's e-commerce business in September?

(Bloomberg) -- Alibaba Group Holding Ltd. reported anemic growth in its core Chinese e-commerce business in the September quarter, dragging down financial results that benefited from progress in its international and cloud divisions. ...

What is Singles' Day & how does it work in China?

The extravaganza has since expanded to other platforms like JD.com and Pinduoduo in China as well as abroad. While Singles’ Day was previously a one-day event, shopping platforms in China now kickstart the festival weeks ahead to drum up sales volume. The festival has also traditionally been regarded as a barometer of consumer sentiment. ...

How much Yuan is spending on a singles' day festival?

Independent tracker Syntun estimates transactions across all platforms in the weeks running up to Nov. 11 rose 27% to 1.44 trillion yuan. But many began promotions much earlier than usual, meaning that spending is spread over as many as 29 days, versus 19 days in 2023. That’s the longest Singles’ Day festival on record. ...