#Singles day dato cracked#

local time shoppers had spent over $48 billion.Īlthough it was a common to see consumers take advantage of deep discounts in past Singles’ Day festivals to stock up on daily necessities, consumption habits have changed. But it did hold a media event Thursday, where a counter showed that as of 2 p.m. Online retailer JD.com also did not publicly stream a running tally of sales this year.

“While not publishing a live GMV tally may appease local sensibilities, without careful management, it may spook foreign investors who are already concerned about Alibaba’s growth prospects,” he said. “The decision not to publish a live GMV tally suggests China’s major e-commerce platforms believe this consumption display is incongruent with current 'common prosperity' themes,” said Michael Norris, research strategy manager at the Shanghai-based consultancy Agenc圜hina. Platforms are also reining in the marketing hype to align themselves with Chinese President Xi Jinping's calls for “common prosperity,” which includes curbing excess and advocating for more equitable distribution of wealth and resources. Last week, 16 e-commerce platform operators - some of which are linked to Alibaba and Meituan - were also summoned by regulators in the southern province of Guangdong and warned over “unfair competition.” Ahead of Singles’ Day, Alibaba, rival JD.com and Meituan were among companies asked to curb excessive marketing text messages sent to consumers during the festival.

#Singles day dato cracked#

This year, Alibaba, the e-commerce platform that pioneered the online shopping festival more than a decade ago, decided not to showcase a running tally of its real-time gross merchandise volume (GMV) - defined as the amount of transactions racked up across its platform - on its site for the shopping festival, taking on a more muted tone compared to previous years of glitzy marketing campaigns.Ĭhinese regulators have cracked down on technology companies, investigating giants like Alibaba and food delivery firm Meituan over alleged anti-competitive practices.Įarlier this year, Alibaba was fined a record $2.8 billion for violating antitrust rules. In previous years, the festival was heavily advertised for weeks ahead of time with brands and merchants offering deep discounts to attract consumers looking for bargains.īut shoppers say deep discounts of what is also called “Double Eleven' are now a thing of the past and experts are predicting lower sales as the economy slows. Singles’ Day has been viewed as the largest online marketing event of the year. 11, comes amid reduced marketing hype and a crackdown on the technology industry. The slowdown in growth for the world’s largest online shopping festival, which typically ends on Nov. 11, about a 28% increase compared to 32% growth in 2020.

Over the last 18 years, Dream Singles has created. November wurde gewählt, da die Zahl Eins. We set the bar high in online international dating, as we hold the 2015 iDate Award for Best Niche Dating Site. Ursprünglich ist der Singles Day ein Tag für Alleinstehende, der immer am 11. Since 2003, we have provided a platform for singles to connect in over 200 countries. Rival JD.com reported 349.1 billion yuan ($54.6 billion) in transactions this year, from Oct. At Dream Singles, we thrive on bringing couples together to find true love and happiness. 11, the company said Thursday, a growth of 14% compared to a nearly 93% increase last year. During the two-week shopping events until November 11, 2021, also known as Singles Day shopping festival, Chinese consumer spending on Alibaba’s e-commerce platforms amounted to 84.54 billion U.S. Lam research penang review.BEIJING - Chinese shoppers spent $139.1 billion during this year's annual Singles' Day shopping extravaganza, breaking last year's record even though spending slowed during the coronavirus pandemic.Īlibaba tallied 540.3 billion yuan ($84.5 billion) in spending over the festival that spanned Nov.