The world’s biggest online sale of the year, China’s Single’s Day, took place on November 11. Some Chinese consumer trends have become especially visible after the big sales. What’s on Weibo gives an overview of the latest trends and biggest brands, showing how China’s middle-class online consumer habits are undergoing drastic changes. [Premium Content by What’s on Weibo].
China’s 11/11 Single’s Day, the world’s biggest online shopping event of the year, has once again exceeded the sale figures of previous years.
The 8th edition of China’s Online Single’s Day Shopping Festival, that was initiated by e-commerce giant Alibaba in 2009, broke all previous sales records with a 24-hour sales volume of $17.6 billion (120.7 billion RMB) on Alibaba’s Tmall (天猫) on November 11. Online shopping mall JD.com also had 60% more sales than the previous year.
With so much success, many e-commerce platforms have extended the shopping festival until November 18. Time to see which Chinese online consumer trends are especially apparent during this year’s Single Day’s sales.