2021 Singles Day: another record year

Date : 12 November 2021

Jiong-Jiong Yu

Senior Retail Analyst

The 11-day sale has wrapped up, with both Alibaba and JD.com setting new records for the annual shopping festival. Final results (24:00 Beijing time, 11 November) Alibaba: CNY540.3 bn (US$84.5 bn) in gross merchandise volume, an increase of 8.5% YoY (year-on-year). The slow growth…

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