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Sales Data of Alibaba “Double 11” are Unknown This Year

As in previous years, the money flow for Alibaba Tmall Double 11 Shopping Festival remains high, but Alibaba did not release a snapshot of sales in the early hours of the 11th this year Source… Visit Original Source…

Source: Google

Translation:Kari
Proofread: Lish

According to the Nikkei website, as in previous years, the money flow for Alibaba Tmall Double 11 Shopping Festival remains high, but there have been some changes. Alibaba did not release a snapshot of sales in the early hours of the 11th, as it does every year, and in 2020 the company released data showing that sales exceeded 372.3 billion yuan from the start of the sale to 0:30 a.m. (China time) on the 11th.

Alibaba’s theme for this year’s Double Eleven Shopping Festival highlighted the “common wealth” and “decarbonisation” policies of China’s leadership, calling on consumers to make donations and purchase environmentally-friendly appliances, among other things.

At present, China’s economy is close to collapse, with a series of problems such as store closures in the service industry, massive losses in retail, capital difficulties in supply chain enterprises, and defaults in real estate finance, etc., which are transmitted to the end of society, such as the extreme sluggishness of consumption.

Source: “双11”未公布销额快报,中共国“假擀面杖”经济已崩盘 – GNEWS

Published by: Tim

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