Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

China's online shopping binge predicts to smash over 30 bln USD

November 12, 2018


Abstract : Sales of China's biggest online shopping festival is projected to hit over 32 billion U.S. dollars this year, according to a report released by the global app market data provider App Annie.

双11新

BEIJING, Nov. 10 (Xinhua) -- Sales of China's biggest online shopping festival is projected to hit over 32 billion U.S. dollars this year, according to a report released by the global app market data provider App Annie.

App Annie also forecasted that the shopping frenzy will break the world record in mobile e-commerce sales.

Last year, Alibaba Group, China's e-commerce giant, spread the shopping festival to the Western market, with downloads of its app AliExpress surging in the United States and Britain.

The shopping spree, also known as Singles' Day or Double 11, falls on Nov. 11 every year and sales in 2017 hit 168.2 billion yuan in 24 hours on Tmall Global Shopping Festival.

Scan the QR code and push it to your mobile phone

Keyword: online-shopping China-e-commerce

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial