CHINESE e-commerce giants Alibaba and JD.com reported very strong sales during the 2024 'Double 11' shopping festival, which came to a close on Monday, as China's consumer market continues to recover steadily.
CHINESE e-commerce giants Alibaba and JD.com reported very strong sales during the 2024 'Double 11' shopping festival, which came to a close on Monday, as China's consumer market continues to recover steadily.Taobao and Tmall, run by Alibaba Group, reported a significant increase in sales as of 12 p.m. on Monday during the 'Double 11' shopping event, with 589 brands exceeding 100 million yuan in sales, representing 46.5-percent increase over a year ago.
Many consumers purchased clothing, with sales of down jackets, outdoor jackets and cotton underwear doubling compared to the previous year, according to JD.com.Both platforms have used AI means to help merchants achieve higher efficiency and profits.With the support of JD's AI-assisted human livestreaming, more than 7,500 brands have achieved significant sales growth, resulting in a 40-percent increase in transaction volume compared to the previous 'June 18' shopping festival.
Firms Report Robust Sales On Singles' Day
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