China Market Update: Singles Day Pre Sales Start - Forbes

Oct 22, 2024 · Alibaba kicked off its Singles Day presales yesterday at 8 pm China time. In the first hour, 20 home appliance and furniture merchants passed RMB 100 million ($7.1 million) in …

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China Market Update: Singles Day Pre Sales Start - Forbes

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Oct 22, 2024 · Alibaba kicked off its Singles Day presales yesterday at 8 pm China time. In the first hour, 20 home appliance and furniture merchants passed RMB 100 million ($7.1 million) in …

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China Market Update: Asia Goes Risk Off As Singles Day Shines

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2 days ago · As we show below, Singles Day sales data was strong. A non-factor in today's Hong Kong risk-off day are reports that the Mainland's property transaction tax will be cut from 3% to …

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Singles Day Pre Sales Start - China Last Night

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Oct 22, 2024 · Alibaba kicked off its Singles Day presales yesterday at 8 pm China time. In the first hour, 20 home appliance and furniture merchants passed RMB 100 million ($7.1 million) in …

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China Market Update: Mainland Sees Massive Buying, Hong Kong …

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Apr 26, 2024 · Mainland China had a strong day as well on volume that was 127% of the 1-year average and good breadth. The Shanghai Composite is now through its 200-day moving …

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China Market Update: China Leads Asian Stock Rally, Policy

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Apr 17, 2024 · Online retail sales increased +12.4% compared to only 3.1% overall, as the increasing internet penetration rate in China continues to show up in headline economic figures.

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China Market Update: Singles Day Shows Chinese Consumers …

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Nov 12, 2019 · 2019 Singles Day was clearly a major success. Alibaba sold $38.4 billion (RMB 268.4B) worth of goods an increase of 26% from last year. The total number of delivery orders …

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FAQs about China Market Update: Singles Day Pre Sales Start - Forbes Coupon?

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. ...

Which equities topped Alibaba's 'Singles Day (11/11) sales Festival?

Alibaba began presales for its Singles Day (11/11) sales festival on Monday night, noting that among top-sellers have been iPhones and home furnishings. Asian equities ended an off week mixed as Mainland China and Hong Kong outperformed while India and Japan underperformed. ...

How did China's retail sales perform in September?

China reported retail sales data for September. Total retail sales saw a slight pickup in year-over-year growth rate from August, though online retail sales slowed. This could be due to the consumption shift to larger items after the subsidies were announced later this year. ...

How did China's smartphone sales perform in the second quarter?

A Mainland media source noted that second quarter smart phone sales in China increased +8.9% year-over-year (YoY), led by Vivo, Huawei, and Oppo. However, Apple’s sales fell -3.1% YoY as the company fell out of the top 5 smartphone sellers in China. Recent iPhone price reductions are expected to spur demand in the second half of the year. ...

Did China's second biggest e-commerce company report a 20% increase in sales?

JD.com (9618.HK), China's second biggest e-commerce company, did not disclose information about sales but reported a more than 20% year-over-year increase in shoppers over the event. ...

Which markets ended the week up in China & Hong Kong?

Mainland China was the only local market to end the week up, while Hong Kong was off, though not nearly as much as the region (-1% versus -3%). The National People’s Congress will meet in Beijing from November 4 th to 8 th, though the news had no effect on markets, as it came right at market close. ...