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The Business Station
Will Singles Day Boost China's Retail Sector?
8 mins
·
07:30, 9 Nov 2022
·
Recommended
Guest: Catherine Lim, Senior Analyst, Bloomberg Intelligence
The world’s largest annual shopping event, Singles’ Day will see its thirteenth iteration this Friday and has evolved into a multi-day extravaganza. Last year, over the 11-day sales period, Chinese e-commerce giants Alibaba and JD.com set new records, and racked up around USD115 billion in sales across their platforms. With a challenging economic environment and no end in sight for China’s zero covid policy, will the shine of the event this year be hampered by inflation and lockdowns? Catherine Lim of Bloomberg Intelligence weighs in.
Image credit: Shutterstock
Presenter: Shazana Mokhtar, Wong Shou Ning, Chong Tjen San
Producer: Moh Heng Ying
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Will Singles Day Boost China's Retail Sector?
8 mins
·
07:30, 9 Nov 2022
Guest: Catherine Lim, Senior Analyst, Bloomberg Intelligence
The world’s largest annual shopping event, Singles’ Day will see its thirteenth iteration this Friday and has evolved into a multi-day extravaganza. Last year, over the 11-day sales period, Chinese e-commerce giants Alibaba and JD.com set new records, and racked up around USD115 billion in sales across their platforms. With a challenging economic environment and no end in sight for China’s zero covid policy, will the shine of the event this year be hampered by inflation and lockdowns? Catherine Lim of Bloomberg Intelligence weighs in.
Image credit: Shutterstock
Presenter: Shazana Mokhtar, Wong Shou Ning, Chong Tjen San
Producer: Moh Heng Ying
Share:
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