Double Eleven

Trip.com's Global 3.3 Promotion Sees Record Success in Asia and Europe

Retrieved on: 
Thursday, March 28, 2024

These double-date promotions have gained significant traction across Asia, and are in response to the shifting global e-commerce landscape and consumers' inclination to maximise savings through lower prices and promotions.

Key Points: 
  • These double-date promotions have gained significant traction across Asia, and are in response to the shifting global e-commerce landscape and consumers' inclination to maximise savings through lower prices and promotions.
  • Trip.com's COO, Schubert Lou, said, "Trip.com is proud to celebrate its phenomenal success with outstanding results for our 3.3 Mega Sale.
  • Trip.com has been successful in appealing to the global consumer market through its strategic branding initiatives and double-date promotions.
  • With the ever-evolving e-commerce landscape and the success of these double-date promotions, expect to see more great promotions across Trip.com in the future.

Trip.com's Global 3.3 Promotion Sees Record Success in Asia and Europe

Retrieved on: 
Thursday, March 28, 2024

These double-date promotions have gained significant traction across Asia, and are in response to the shifting global e-commerce landscape and consumers' inclination to maximise savings through lower prices and promotions.

Key Points: 
  • These double-date promotions have gained significant traction across Asia, and are in response to the shifting global e-commerce landscape and consumers' inclination to maximise savings through lower prices and promotions.
  • Trip.com's COO, Schubert Lou, said, "Trip.com is proud to celebrate its phenomenal success with outstanding results for our 3.3 Mega Sale.
  • Trip.com has been successful in appealing to the global consumer market through its strategic branding initiatives and double-date promotions.
  • With the ever-evolving e-commerce landscape and the success of these double-date promotions, expect to see more great promotions across Trip.com in the future.

From Ningbo to the world: China's port city evolving into global opening-up hub

Retrieved on: 
Thursday, March 28, 2024

The high probability of this trade link comes from Ningbo's unique port status, according to Information Office of Municipal Government of Ningbo.

Key Points: 
  • The high probability of this trade link comes from Ningbo's unique port status, according to Information Office of Municipal Government of Ningbo.
  • It has become an important port and shipping logistics center, strategic resource allocation hub and modern shipping service base in the world.
  • Looking ahead, Ningbo aims to build an international opening-up hub city.
  • From a port city to an international hub for trade, Ningbo is set to make its mark on the global map.

From Ningbo to the world: China's port city evolving into global opening-up hub

Retrieved on: 
Thursday, March 28, 2024

The high probability of this trade link comes from Ningbo's unique port status, according to Information Office of Municipal Government of Ningbo.

Key Points: 
  • The high probability of this trade link comes from Ningbo's unique port status, according to Information Office of Municipal Government of Ningbo.
  • It has become an important port and shipping logistics center, strategic resource allocation hub and modern shipping service base in the world.
  • Looking ahead, Ningbo aims to build an international opening-up hub city.
  • From a port city to an international hub for trade, Ningbo is set to make its mark on the global map.

MoonFox Data: JD.com Q3 profits exceeded expectations and the "low prices & supply chain" combo approach showed initial effectiveness

Retrieved on: 
Tuesday, December 12, 2023

Users from third-tier cities on these two platforms accounted for 20.3% and 21.1%, respectively, approaching the user concentration levels in new first-tier cities.

Key Points: 
  • Users from third-tier cities on these two platforms accounted for 20.3% and 21.1%, respectively, approaching the user concentration levels in new first-tier cities.
  • The data indicates that the GMV contributions of current third-party merchandise subsidies exceed 50%.
  • Secondly, from the users' perspective, the 10 billion subsidies truly enable consumers to purchase goods at lower prices, making them more appealing to users.
  • Meanwhile, the turnover from the 9.9 free shipping and the flash sale channel campaigns saw a significant increase.

Bilibili Cements Status as E-Commerce Growth Engine This Double 11

Retrieved on: 
Wednesday, November 15, 2023

SHANGHAI, Nov. 15, 2023 /PRNewswire/ -- Bilibili Inc. ("Bilibili" or the "Company"), an iconic brand and a leading video community for young people in China, announced outstanding performance for this year's Double 11 shopping festival in China. The platform's Gross Merchandise Volume (GMV) generated from video and live broadcasting commerce rose 251% compared to the same period last year.

Key Points: 
  • For live broadcasting commerce, top Bilibili content creator @MrMiDeng accumulated a total GMV of RMB 1.68 billion across all channels on Double 11, a 500% year-on-year increase.
  • The Bilibili app temporarily rebranded its "Membership Store" tab as the "Double 11 Store" tab and added a designated "Tmall Double 11" subsection on the platform to showcase more products and create more consumption scenarios for its users.
  • By leveraging its youth community and directing traffic to e-commerce sites, Bilibili provided brand partners access to new shoppers this Double 11.
  • One Chinese cosmetics brand reached over 20 million target users on Bilibili during the pre-sale period of Double 11, and significantly lowered the brand's customer acquisition cost.

Sales Data for China's Singles Day Shopping Festival 2023 Reveals Robust Consumption Demand -- Syntun Release: China's Singles Day Shopping Festival GMV Reaches 1138.6 Billion RMB

Retrieved on: 
Sunday, November 12, 2023

BEIJING, Nov. 12, 2023 /PRNewswire/ -- The 15th Singles Day festival, commonly known as "Double 11", has drawn to a close.

Key Points: 
  • BEIJING, Nov. 12, 2023 /PRNewswire/ -- The 15th Singles Day festival, commonly known as "Double 11", has drawn to a close.
  • This year, all platforms strategically centered their focus on "low prices" with the aim of providing consumers with the best deals, aligning with the core principle of "Double 11."
  • Alibaba Group, in particular, made "the lowest price across the whole network" its central objective, employing "dynamic price comparison" to ensure consumers receive optimal value for their money.
  • For the tenth consecutive year, Syntun, as a third-party platform, has monitored and released sales data for the Double 11, with the aim of providing the public with a more impartial and objective perspective on the data.

Sales Data for China's Singles Day Shopping Festival 2023 Reveals Robust Consumption Demand -- Syntun Release: China's Singles Day Shopping Festival GMV Reaches 1138.6 Billion RMB

Retrieved on: 
Sunday, November 12, 2023

BEIJING, Nov. 12, 2023 /PRNewswire/ -- The 15th Singles Day festival, commonly known as "Double 11", has drawn to a close.

Key Points: 
  • BEIJING, Nov. 12, 2023 /PRNewswire/ -- The 15th Singles Day festival, commonly known as "Double 11", has drawn to a close.
  • This year, all platforms strategically centered their focus on "low prices" with the aim of providing consumers with the best deals, aligning with the core principle of "Double 11."
  • Alibaba Group, in particular, made "the lowest price across the whole network" its central objective, employing "dynamic price comparison" to ensure consumers receive optimal value for their money.
  • For the tenth consecutive year, Syntun, as a third-party platform, has monitored and released sales data for the Double 11, with the aim of providing the public with a more impartial and objective perspective on the data.

UNIQLO Creates Over 1,000-Square-Meter 'LifeScape' Booth for China International Import Expo 2023

Retrieved on: 
Monday, November 6, 2023

Shanghai and Tokyo, Nov 6, 2023 - (JCN Newswire) - Global apparel retailer UNIQLO has officially launched its more than 1,000-square-meter LifeScape booth at the 2023 China International Import Expo (CIIE), taking place from November 5 to 10 in Shanghai.

Key Points: 
  • Shanghai and Tokyo, Nov 6, 2023 - (JCN Newswire) - Global apparel retailer UNIQLO has officially launched its more than 1,000-square-meter LifeScape booth at the 2023 China International Import Expo (CIIE), taking place from November 5 to 10 in Shanghai.
  • "As a global apparel brand, and based on our LifeWear philosophy, UNIQLO is committed to making everyone's life better through the power of clothing.
  • In addition, the latest iterations of UNIQLO essentials, including Fleece and HEATTECH items, also feature at LifeScape.
  • Finally, LifeScape is also a showcase for seamless integration of technology into the UNIQLO customer experience.

SF Intra-city Plans to Repurchase Shares at a Maximum of HK$200 million

Retrieved on: 
Thursday, October 19, 2023

HONG KONG, Oct. 19, 2023 /PRNewswire/ -- Hangzhou SF Intra-city Industrial Co., Ltd. (Stock Code: 9699.HK), China's largest third-party on-demand delivery service provider, is pleased to announce that the board of directors intends to exercise the Share Repurchase Mandate under the general mandate to repurchase the H shares of the Company not exceeding 10% of the total number of the H Shares in issue as at the date of passing the special resolution at the AGM and the Class Meetings at a maximum of HK$200 million.

Key Points: 
  • On 6 June 2023, the Board of the Group decided to utilise the Share Repurchase Mandate and, it plans to repurchase H shares in the open market from time to time by using up to HK$200 million.
  • The Group believes that the current financial resources of the Company are able to implement the share repurchase while maintaining a solid financial position.
  • The share repurchase will enhance investors' understanding of the Company's transparency and corporate governance, and also has the potential to increase earnings per share.
  • SF Intra-city has capitalized on the positive momentum of an economic recovery in the second half of the year.