久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

618 shopping gala stimulates consumption

Sales of 59 brands on Tmall surpass 100 million yuan within first four hours

By Fan Feifei | China Daily | Updated: 2024-06-20 09:22
Share
Share - WeChat
An employee arranges orders placed during this year's June 18 shopping carnival at a food company in Jinhua, Zhejiang province, on June 15. YANG MEIQING/FOR CHINA DAILY

The enthusiasm of Chinese consumers has been evident during this year's June 18 shopping carnival, as major e-commerce platforms ramped up efforts to provide steep discounts and shopping subsidies as well as simplify promotional methods to attract price-conscious shoppers and bolster sales.

Industry experts said the midyear promotional campaign has played a vital role in stimulating people's purchasing appetites, promoting the recovery of consumption and shoring up the economy, with electronic devices containing innovative technologies and domestic brands proving popular among consumers.

As Chinese shoppers have become more rational about potential purchases, online retailers have adopted a more pragmatic and simpler approach by canceling presale campaigns this year, with a key focus on cost-effective products and the use of livestreaming to further unleash the immense potential of consumption, they added.

Data from e-commerce giant JD, which initiated the midyear promotional event, showed that more than 10,000 brands saw their sales surge over fivefold in the first four hours of the June 18 shopping carnival, which kicked off at 8 pm on May 31.

Sales of AI-powered computers, smartphones and learning devices via JD's online marketplaces soared 260 percent year-on-year in the first hour of the promotional gala, while the transaction volume of foldable screen phones, smartwatches and organic light-emitting diode (OLED) displays, skyrocketed over 100 percent year-on-year in short bursts of time, JD said.

The turnover of new products from more than 700 home appliance brands increased over 100 percent year-on-year in the first four hours, JD said. More than 2,500 clothing brands and 300 beauty brands witnessed their sales grow over 100 percent compared with the same period last year.

In addition, the number of viewers of JD's promotional livestreaming sessions skyrocketed 460 percent year-on-year with orders from sessions hosted by JD's professional procurement and sales teams up 300 percent compared with last year's Singles' Day shopping festival.

The company has launched a subsidy campaign worth 10 billion yuan ($1.38 billion) during the June 18 shopping spree, offering a variety of low-priced products.

Data from Tmall, Alibaba's business-to-customer platform, showed that sales of 59 brands surpassed 100 million yuan within the first four hours of its midyear promotional event, which started at 8 pm on May 20.

Turnover of Apple's products on Tmall exceeded 1.5 billion yuan within the first hour, while sales of domestic smartphone brands such as Huawei, Xiaomi and Vivo surpassed 100 million yuan during the period, Tmall said.

Moreover, the transaction volume of 11 cosmetics and skin care brands as well as 23 household appliance brands — including Haier, Hisense and Xiaomi — crossed the 100 million yuan threshold in the first four hours. Sales of luxury brands, such as Valentino and Miu Miu, exceeded that of the entire day last year within the first hour of the gala, it added.

Outdoor sporting goods, consumer electronic products, nutrition and healthcare items and household appliances witnessed robust growth during the shopping extravaganza that now spans about one month.

Jason Yu, general manager of Kantar Worldpanel China, a market research provider, said, "Price is a very basic and core competitiveness for e-commerce platforms as consumers could purchase premium products with high cost-effectiveness during the promotional event, which will satisfy their demand for consumption upgrade."

Yu said some brands are paying more attention to improving consumer experience, as well as providing various discounts and membership services, striking a balance between chasing commercial interests and optimizing user experience.

1 2 Next   >>|
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 成人免费高清视频 | 日韩在线播放视频 | 国产精品观看在线亚洲人成网 | 国产成人精品一区二区免费视频 | 精品国产免费第一区二区三区日韩 | 看全色黄大色黄大片女图片 | 中国一级特黄大片毛片 | 国产精品免费视频一区二区三区 | 国产成人啪精品视频免费软件 | 一级片视频免费看 | 国产一区二区三区视频在线观看 | 久久免费视频8 | 欧美视频在线一区 | 精品400部自拍视频在线播放 | 久久草在线观看 | 91精选视频 | 亚洲午夜精品久久久久久抢 | 一本色道久久综合亚洲精品高清 | 亚洲高清免费视频 | a网在线| 日韩欧美一区二区三区在线 | 久久国产热视频 | 一本久 | 日韩视频中文字幕 | 99re久久资源最新地址 | 久久国产欧美另类久久久 | 一级黄免费 | 日韩在线视频一区二区三区 | 久久国产精品二区99 | 成人国产精品免费视频 | 成人久久伊人精品伊人 | 久久久www免费看片 久久久www免费人成看片 | 男人的天堂在线免费视频 | 毛片网站视频 | 黄色香蕉视频 | 深夜福利视频在线观看 | 亚洲狠狠综合久久 | 久久久久久久综合色一本 | 国产午夜免费视频片夜色 | 亚洲第一成年网 | 欧美日韩精品国产一区在线 |