Global EditionASIA 中文雙語(yǔ)Fran?ais
Business
Home / Business / Policies

Quality focus rules Singles Day shopping gala

Experts say online sales event playing vital role in lifting consumption

By FAN FEIFEI | China Daily | Updated: 2024-11-11 07:55
Share
Share - WeChat
Workers sort express packages on an intelligent sorting line in Nanchang, Jiangxi province, on Nov 3. ZHU HAIPENG/FOR CHINA DAILY

The Double Eleven festival was just a 24-hour event on Nov 11 when it was unveiled by Alibaba in 2009, but has stretched into a weekslong shopping spree lasting from mid-October to mid-November this year. Online retailers initiated the promotional event one week earlier this year than previously.

"Consumption has become the main driving force boosting China's economic growth, and the Singles Day shopping carnival is pivotal to unleashing consumers' purchasing potential, bolstering domestic demand and promoting consumption recovery," said Wang Yun, a researcher at the Chinese Academy of Macroeconomic Research.

More stimulus policies are needed to stabilize and expand employment, improve household incomes, and boost people's ability and willingness to spend, so as to further perk up consumption, Wang added.

China's retail sales, a significant indicator of consumption strength, rose 3.3 percent year-on-year in the first three quarters of this year, said the National Bureau of Statistics. Online sales remained a bright spot, rising 8.6 percent year-on-year during the January-September period.

Based on a survey by global consulting firm AlixPartners in early October, consumers still view Singles Day as the most important shopping festival. Most consumers are likely to maintain their spending levels from the previous year, with 25 percent of interviewed shoppers saying that there would be an increase in their overall spending, the consultancy said.

Most of the increased spending based on the survey would be in apparel, daily necessities and cosmetics. Consumers are likely to remain sensible in their spending given the current economic backdrop, it added.

Online retailers have made promotional methods simpler this time, with a key focus on improving user experience and seeking high-quality and long-term growth, as Chinese consumers are more prudent and rational about potential purchases, said Jason Yu, managing director and vice-executive president of CTR Media Convergence Institute.

Yu said retailers hope to roll out new products to attract consumers and build brand image during the shopping spree.

High-quality and intelligent commodities are crucial for stimulating the purchasing appetite of consumers and unleashing new consumption potential, he said.

"A series of pro-consumption policies, such as the consumer goods trade-in program, have played a significant role in bolstering the sales of consumer electronic products and household appliances on major online marketplaces," Yu added.

Meanwhile, Taobao and Tmall have officially integrated JD's logistics during this year's shopping carnival as sellers on these platforms can choose JD Logistics as the delivery method. JD has accepted the mobile payment option from Alipay, which is operated by financial technology company Ant Group.

Industry insiders said these moves signify a key step in breaking down barriers between the two leading internet companies, enhancing interconnectivity of different platforms, and elevating the online shopping experience of users.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 永世沉沦v文bysnow全文阅读| 中文字幕在线播放| 网址你懂的在线观看| 国产精品亚洲五月天高清| 中国黄色在线观看| 桃子视频在线观看高清免费视频| 内射白嫩少妇超碰| 顶级欧美熟妇高潮xxxxx| 国产韩国精品一区二区三区久久| 中文字幕乳授乳奶水电影小说 | 国产精品一区二区欧美视频| а√最新版地址在线天堂| 日韩大片观看网址| 伊人久久大香线蕉电影院| 英语老师解开裙子坐我腿中间| 国产精品久久国产精品99盘| chinese乱子伦xxxx国语对白| 日产亚洲一区二区三区| 亚洲av无码一区二区乱孑伦as| 深夜a级毛片免费视频| 国产真实乱人视频| c的你走不了路sb医生| 挺进邻居丰满少妇的身体| 亚洲综合一区无码精品| 老子影院午夜伦不卡| 在线综合亚洲欧美自拍| 中文字幕激情视频| 曰批免费视频观看40分钟| 亚洲欧美日韩成人| 精品久久久久久中文字幕女| 国产丰满麻豆videossexhd| 亚洲成a人片在线看| 成全视频在线观看免费高清动漫视频下载| 亚洲三级在线视频| 精品一区二区三区电影 | 中文字幕精品一区| 最近中文字幕在线中文视频 | xxxxx日韩| 国产视频福利在线| baoyu116.永久免费视频| 成人片黄网站A毛片免费|