The China’s Biggest shopping Event On Single’s days has closed on night of 11th Nov last week. Online retailers in China have counted their earnings with great pleasure. Alibaba’s T-mall, One of China’s largest platforms, has announced around 85 billion U.S. dollars in sales. It says about a record high of 300,000 vendors participated this year. JD.com, the second biggest online shopping platform has reported 55 billion’s earning in U.S. dollars. In terms of demographics, Alibaba says nearly half of its shoppers this year are in their 20s to early 30s.
China’s postal service says an unprecedented high of more than 4 billion pieces of parcels delivered over the shopping period have been recorded, more than 20% increase compared to last year. This hottest event ever in the world saw a total of around 700 million packages delivered.
In addition, data from multiple e-commerce platforms showed that winter coats and outdoor jackets were among bestsellers on the first day of the shopping spree. One of the famous domestic brand of outdoor coat is our best customer in need of polar fleece and softshell fabric. Their sales earning recorded a 30% increase compare to that of last year.
Shaoxing Starke textiles company mainly supply knitting fabrics like polar fleece, micro fleece, softshell fabric, Rib, Hachi, French Terry to garment factory both domestic and abroad. Thanks to the shopping spree, our sells of micro fleece and soft shell increased quite a lot in this autumn season.
Chinese shoppers spent big over the Singles’ Day shopping festival, showing the country’s strong economic recovery following the COVID-19 epidemic. More than 800 million shoppers, 250,000 brands and 5 million merchants participated in this year’s shopping spree, according to Tmall.
Live streamers are also set to play a prominent role in product promotions this year, as the internet giant heavily invests in online influencers to increase engagement on its Taobao app.
Post time: Nov-15-2021