Singles Day data paints a murky picture of consumer demand in …

4 days ago · China. The stat: Singles Day transactions rose 27% YoY to 1.44 trillion yuan ($203.6 billion), per data from Syntun reported by Bloomberg. But that figure comes with a major …

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Singles Day Data Paints A Murky Picture Of Consumer Demand In …

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4 days ago · China. The stat: Singles Day transactions rose 27% YoY to 1.44 trillion yuan ($203.6 billion), per data from Syntun reported by Bloomberg. But that figure comes with a major …

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139 Singles’ Day Statistics Every Retailer Should Know 2024

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Oct 21, 2024 · In 2009, Alibaba’s first Singles’ day sales event included 27 brands, generating a gross merchandise volume (GMV) of $7.8 million USD or 50 million yuan. By contrast, …

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Singles' Day Sales 2024: 52 Savings Events To Shop Today - Forbes

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5 days ago · Nov 11, 2024, 03:30pm EST. Share to Facebook; ... Bare Minerals: This well-known makeup and skincare brand is offering 20% off sitewide and free shipping in celebration of …

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Alibaba Gears Up For 2024 11.11 With $4B In Brand And User Perks

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Oct 14, 2024 · Alibaba Gears Up for 2024 11.11 with Over $4 Billion in Consumer Perks and Merchant Support. 300,000 brands will participate in 2024 Singles’ Day on Alibaba’s Tmall …

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FAQs about Singles Day data paints a murky picture of consumer demand in … Coupon?

When is 'Singles' Day' 2024?

Women walk out from a fashion boutique near a display promoting the China popular e-commerce sales, the “Singles’ Day” global online shopping festival, at a shopping mall in Beijing, on Nov. 4, 2024. (AP Photo/Andy Wong) ...

How many brands will participate in singles' day 2024?

In 2024, 300,000 brands will participate in Singles’ Day on Alibaba’s Tmall platform. Tmall’s 2024 Singles’ Day sales will feature over 35 million new products, including over 500 exclusive collaborations. As of September 2024, Alibaba’s 88VIP membership program has over 42 million paying members. ...

Why do people shop on Singles' Day 2023?

77% of consumers planned to spend the same amount or less during Singles’ Day 2023. 53% of shoppers said they were excited for Singles' Day 2023, compared with 76% back in 2021. 45% of consumers said they’d shop during Singles’ Day to get good value, making it the top reason to shop on the day. ...

How much yuan will you spend on singles' day sales in 2023?

Over 60% of consumers said they’ll spend at least 3,000 yuan during Singles’ Day sales in 2023, up 11% YoY. 83% of consumers consider “brand authenticity” as the key criteria for choosing products, followed by “product functionality” at 82%. ...

How much did China's Singles' Day sales increase in 2023?

China’s big retailers declined to release their Singles’ Day revenue in 2023, so we have to rely on estimates: Data provider Syntun estimated total GMV across major ecommerce platforms increased 2.1% to 1.14 trillion yuan ($156.4 billion) in 2023. Consultancy Bain’s estimate was similar, claiming Singles’ Day sales hit 1.15 trillion yuan in 2023. ...

What makes Singles Day different from other shopping events?

Several aspects set Singles Day apart from other shopping events. First, it heavily incorporates live-streaming and social media, particularly in China, where brands use influencers to showcase products in real-time, creating an interactive shopping experience. ...