Chinese e-commerce giant Alibaba Group Holding Ltd. kicked off its Double 11 Global Shopping Festival on Tuesday.
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Just after the eight-day National Day golden week, the competition among Chinese e-commerce giants has begun - they are preparing for the upcoming annual Double 11 shopping festival.
Report from KPMG and Aliresearch predicts the market scale of e-commerce livestreaming will reach 1.05 trillion yuan in 2020 with a massive growth from 438.8 billion yuan last year.
Alibaba announces new sale record after the tenth anniversary of Double Eleven, the global shopping festival that came to a close on Nov. 11.
Due to fake review allegations the Chinese travel experience sharing platform Mafengwo has been under the spotlight lately.
On Oct. 19, Alibaba Group officially kicked off the 2018 11.11 Global Shopping Festival in Beijing, promising this year’s mega-event will be the largest ever in terms of scale and reach.
According to official website of the State Post Bureau, monitoring data showed that postal enterprises received 243 million packages on December 12, a 38 percent increase from last year.
JD.com logistics CEO Wang Zhen-hui said at 2017 NewGen Logistics World Summit on December 11 that due to consumption, industrial upgrades and technological advancements, the logistics industry is entering a new era defined by short chains, smartness and symbiosis.