Peak Publishes Results for This Year's "618 Shopping Festival" in China
618 has since seen virtually all online stores and marketplaces in China offer promotional deals on that date, making the event the country's biggest shopping extravaganza along with " Singles' Day ".
- 618 has since seen virtually all online stores and marketplaces in China offer promotional deals on that date, making the event the country's biggest shopping extravaganza along with " Singles' Day ".
- 618 now usually accounts for a significant portion of China's online retailers' annual sales.
- By comparison, Cyber Monday 2020, which included the combined sales of all US online retailers, generated sales of USD$10.7B, making it the biggest shopping day in US history.
- In its first year of participating in 618, Peak helped JD.com retailers and suppliers finance 789 transactions worth a combined 1.05B RMB (approximately CAD$200M).