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Singles' Day Sales - A Barometer Of Consumption

11 mins·07:30, 14 Nov 2023
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Singles' Day Sales - A Barometer Of Consumption

11 mins
·
07:30, 14 Nov 2023
·

Guest: Catherine Lim (Senior Analyst), Bloomberg Intelligence

The China's Singles' Day extravaganza concluded over the weekend after weeks of promotions across the country. Seen as the world’s most significant shopping event, 11/11 saw e-commerce leaders like Alibaba Group and JD.com reporting improvements in gross merchandise value and order amounts, but they declined to reveal actual numbers. Catherine Lim, a senior analyst at Bloomberg Intelligence shares her observations.

Image credit: Shutterstock.com

Presenter: Wong Shou Ning, Keith Kam

Producer: Moh Heng Ying

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