11.11, Singles' Day of 2015: news & updates

[AndrewJin]

Four thousand of you didn't get your parcels on time. The reason is below .......

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Singles' Day packages burnt to ash after truck catches fire
(Chinanews.com) 14:49, November 13, 2015

Over 4,000 parcels were destroyed after a courier truck caught fire on a highway in Jiangxi province on November 12, 2015. The goods valued more than one million yuan in total. Police said the fire started from some parcels while an investigation was under way. China's Internet users spent more than 91 billion yuan ($14.3 billion) in the planet’s biggest online shopping splurge on Wednesday, as “Singles Day” shopping celebrations hit new heights. Singles Day is not a traditional festival, but e-commerce giant Alibaba has been pushing November 11 — a date heavy on ones — since 2009 as it looks to tap the country’s huge, and expanding, army of Internet shoppers. (Photo/ Weibo account of CCTV)

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R.I.P.

 

[AndrewJin]

By The Numbers: A Graphic 11.11 Recap

 

[wonderful]

really impressive

 

[cnleio]

Four days ago I ordered a ARM Cortex-M4 mainboard for code in Taobao.com, damn still not receive my package ... usually there'r only 2 days on the road, but after '11.11 day' need wait a week such commercial activity just waste our time.

 

[AndrewJin]

Four days ago I ordered a ARM Cortex-M4 mainboard for code in Taobao.com, damn still not receive my package ... usually there'r only 2 days on the road, but after '11.11 day' need wait a week such commercial activity just waste our time.

I feel sorry for you, all my parcels arrived on 12th.

 

[CHN Bamboo]

By The Numbers: A Graphic 11.11 Recap
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What's the situation about Russia and Spain?

 

[AndrewJin]

What's the situation about Russia and Spain?

Don't u know Russians from Siberia are flooding to China's NE to spend their weekends buying stuff and eating beef? I don't know what is going on with Spain...

 

[AndrewJin]

really impressive

Welcome to PDF!

 

[TaiShang]

By The Numbers: A Graphic 11.11 Recap
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Russia is the number one export destination for 11. 11. Shows the growing economic disconnectedness between the two nations.

Alibaba sets world record for auto sales in one day
November 16, 2015

During the Singles Day promotional event, Tmall.com offered 50-percent discounts on many auto models. [Photos Provided To China Daily]


Alibaba's online shopping platform set a world record for vehicle sales during its Singles Day event on Nov 11.

For selling 6,506 vehicles in a single day, Guinness World Records named Alibaba's Tmall.com retail site the "Platform with the Most Cars Sold in 24 Hours".

China's e-commerce giant said shoppers across the country spent nearly $8 billion in the first 10 hours of the Singles Day event on Wednesday.

Alibaba's automotive division received more than 500,000 orders from Oct 13 to Nov 10, 10 times the total amount of orders (50,700) from Oct 15 to Nov 11, 2014. Transactions surged 147.4 percent from the previous year, the company said.

"The highlight was the buy-it-now special offer that offered cars at half price to all consumers," said Wang Licheng, general manager of Alibaba Automotive. Automakers and dealers combined to launch steep discounts for approximately 30,000 units of about 50 models of vehicles, including 50-percent discounts on GM's Cadillac, SAIC Motor's Roewe and the Skoda.

The Tmall online shop for SAIC General Motor's Buick saw sales of more than 150 million yuan ($23.5 million), more than 100 million yuan of which went to purchases of 2,305 units of the Buick Excelle. The automaker's online shop for the Cadillac saw more than 100 million yuan in transactions within 30 seconds.

"We have been working with Alibaba continuously for years and we have launched products and service offers every November. It's an opportunity for business development and sales channel expansion," said Liu Weiyi, public relations manager at SAIC General Motor.

Audi said it had 29 million yuan in Tmall transactions, which it claimed would have garnered the company third place in the Guinness World Record. The shop had 196 orders of the A3 1.4T manual special edition paid in full.

BMW's shop on Tmall provided a coupon of "1 yuan for every 300 yuan spent" for auto services and accessories at its 4S dealerships. All coupons were sold in 10 seconds, the company said.

Zhang Ya'nan, an analyst from IDC Market Research, said presale orders increased significantly in many categories for the Singles Day shopping spree, including automotive products, because of Alibaba's massive data system.

Jia Xinguang, senior analyst with the China Automobile Dealers Association, said in an interview earlier this month that traditional offline 4S dealerships make these online achievements happen.

Despite the massive amount of orders placed through online shopping malls, those who receive the orders are traditional dealers. Moreover, customers still have to visit the brick-and-mortar shop to receive their car.

Liu agreed.

"A car product is not similar to an electronic product. A car has its special attributes to be experienced. A customer needs to visit the dealership in person to feel and check the car he or she is going to buy. The deliveries, at the end, are made offline by dealers. The online-to-offline car deals ultimately are still directed to our dealers," Liu said.

"The most attractive offer was the one-yuan Cadillac. The special offers made on Tmall were kind of an advertisement. Both SAIC GM and dealers participated in the promotion and the automaker bears the promotional costs for the one-yuan and half-priced cars."

Alibaba said a total of more than 900 metric tons of lubricant oil, 580,000 driving video recorders, 160,000 safety seats and 20,000 tires were sold during the promotional event.

 

[AndrewJin]

Russia is the number one export destination for 11. 11. Shows the growing economic disconnectedness between the two nations.

Alibaba sets world record for auto sales in one day
November 16, 2015

During the Singles Day promotional event, Tmall.com offered 50-percent discounts on many auto models. [Photos Provided To China Daily]


Alibaba's online shopping platform set a world record for vehicle sales during its Singles Day event on Nov 11.

For selling 6,506 vehicles in a single day, Guinness World Records named Alibaba's Tmall.com retail site the "Platform with the Most Cars Sold in 24 Hours".

China's e-commerce giant said shoppers across the country spent nearly $8 billion in the first 10 hours of the Singles Day event on Wednesday.

Alibaba's automotive division received more than 500,000 orders from Oct 13 to Nov 10, 10 times the total amount of orders (50,700) from Oct 15 to Nov 11, 2014. Transactions surged 147.4 percent from the previous year, the company said.

"The highlight was the buy-it-now special offer that offered cars at half price to all consumers," said Wang Licheng, general manager of Alibaba Automotive. Automakers and dealers combined to launch steep discounts for approximately 30,000 units of about 50 models of vehicles, including 50-percent discounts on GM's Cadillac, SAIC Motor's Roewe and the Skoda.

The Tmall online shop for SAIC General Motor's Buick saw sales of more than 150 million yuan ($23.5 million), more than 100 million yuan of which went to purchases of 2,305 units of the Buick Excelle. The automaker's online shop for the Cadillac saw more than 100 million yuan in transactions within 30 seconds.

"We have been working with Alibaba continuously for years and we have launched products and service offers every November. It's an opportunity for business development and sales channel expansion," said Liu Weiyi, public relations manager at SAIC General Motor.

Audi said it had 29 million yuan in Tmall transactions, which it claimed would have garnered the company third place in the Guinness World Record. The shop had 196 orders of the A3 1.4T manual special edition paid in full.

BMW's shop on Tmall provided a coupon of "1 yuan for every 300 yuan spent" for auto services and accessories at its 4S dealerships. All coupons were sold in 10 seconds, the company said.

Zhang Ya'nan, an analyst from IDC Market Research, said presale orders increased significantly in many categories for the Singles Day shopping spree, including automotive products, because of Alibaba's massive data system.

Jia Xinguang, senior analyst with the China Automobile Dealers Association, said in an interview earlier this month that traditional offline 4S dealerships make these online achievements happen.

Despite the massive amount of orders placed through online shopping malls, those who receive the orders are traditional dealers. Moreover, customers still have to visit the brick-and-mortar shop to receive their car.

Liu agreed.

"A car product is not similar to an electronic product. A car has its special attributes to be experienced. A customer needs to visit the dealership in person to feel and check the car he or she is going to buy. The deliveries, at the end, are made offline by dealers. The online-to-offline car deals ultimately are still directed to our dealers," Liu said.

"The most attractive offer was the one-yuan Cadillac. The special offers made on Tmall were kind of an advertisement. Both SAIC GM and dealers participated in the promotion and the automaker bears the promotional costs for the one-yuan and half-priced cars."

Alibaba said a total of more than 900 metric tons of lubricant oil, 580,000 driving video recorders, 160,000 safety seats and 20,000 tires were sold during the promotional event.

They literally sell everything from cars to grapes.
They have too many Guinness World Records to apply for.

 

[TaiShang]

Shanghai-based STO Express is Expanding its Delivery Services to Other Lands
2015-11-16

File photo of STO Express [Photo: baidu]

Chen Dejun, head of China's STO Express Delivery Service says that company has built 12 operation centers and some 100 branch companies in the U.S. in the past two years.

Chen also points out that international express service is now booming in China, with foreign courier firms taking up to 75% of the market share.

He predicts that, with more Chinese players participating, the number will continue to down and is likely to drop to 7.5% in the next five to ten years.

The company is currently hiring Chinese overseas graduates in the U.S.

The company is also expected to be the first listed express delivery company in China. It is set to list on the Shenzhen Stock Exchange with a shell entity soon.

 

[AndrewJin]

Shanghai-based STO Express is Expanding its Delivery Services to Other Lands
2015-11-16

File photo of STO Express [Photo: baidu]

Chen Dejun, head of China's STO Express Delivery Service says that company has built 12 operation centers and some 100 branch companies in the U.S. in the past two years.

Chen also points out that international express service is now booming in China, with foreign courier firms taking up to 75% of the market share.

He predicts that, with more Chinese players participating, the number will continue to down and is likely to drop to 7.5% in the next five to ten years.

The company is currently hiring Chinese overseas graduates in the U.S.

The company is also expected to be the first listed express delivery company in China. It is set to list on the Shenzhen Stock Exchange with a shell entity soon.

@Dungeness

 

[Dungeness]

@Dungeness

Great News! But I don't expect the same quality delivery service in the US any time soon.

 

[艹艹艹]

After generating RMB 120.7 billion ($17.79 billion) in gross merchandise volume in just 24 hours, the 2016 11.11 Global Shopping Festival, the world’s largest one-day online sale, has come to a close.

Key highlights from the 2016 11.11 Global Shopping Festival

• Total GMV settled through Alipay was RMB 120.7 billion (USD 17.8 billion), an increase of 32 percent compared to 20151
• Total mobile GMV settled through Alipay was RMB 99 billion (USD 14.6 billion), representing approximately 82 percent of total GMV, compared to 69 percent last year
• Alibaba Cloud processed 175,000 orders per second at peak
• Alipay processed more than 1 billion payment transactions in total, and processed 120,000 transactions per second at peak
• Cainiao Network processed more than 657 million delivery orders placed on Alibaba’s China and international retail marketplaces

This year was Alibaba’s most global 11.11 shopping festival since the inception of the event in 2009, offering Chinese consumers access to brands and products from businesses of all sizes around the world. Highlights from the 2016 Global Shopping Festival include:

• 235 countries and regions with completed cross-border transactions
• 37% of total buyers purchased from international brands or merchants
• Top countries selling to China by GMV included: Japan, United States, South Korea, Australia, Germany
• Top US brands by GMV included: Apple, Nike, New Balance, Playboy, Skechers
• Top European brands by GMV included: Siemens, Philips, Adidas, Jack Jones, Only
• Top Japanese brands by GMV included: Uniqlo, Panasonic, Sharp, Sony, SK-II
• Top Australian and New Zealand brands by GMV included: Jeanswest, UGG, Swisse, Macro, Blackmores

Alibaba’s Singles’ Day rakes in US$5.2b in sales in first hour

• Posted 11 Nov 2016 09:12
  
• Updated 11 Nov 2016 09:20

An employee is seen behind a glass wall with the logo of Alibaba at the company's headquarters, April 23, 2014. (Photo: REUTERS/Chance Chan/File Photo

SHENZHEN, China: Chinese e-commerce giant Alibaba started the countdown to its annual Singles' Day shopping festival on Friday (Nov 11), promising consumers and investors a bonanza of fashion shows and virtual reality.

Zhang Yong, CEO of Alibaba Group, said the company generated more than US$5.2 billion (S$7.3 billion) in gross merchandise volume (GMV) within the first hour of its China's Singles' Day sale.

"Three years ago in 2013, our total gross merchandise volume was 35 billion RMB (S$7.3 billion) for the entire day. Within three years, we reach this total gross merchandise volume in only an hour. Behind this, it shows that consumption in China is upgrading and users are enjoying the internet," Zhang said.

Alibaba said that this year, it only took 52 seconds to reach 1 billion RMB, which is 20 seconds faster than the year before.

According to a live feed by Alibaba, the company sold more than US$1 billion worth of goods in total 4 minutes and 54 seconds and passed the US$1 billion mark in mobile sales alone 5 minutes 31 seconds into the sale.

The one-day event, held annually on Nov 11, sees billions of dollars of goods sold via Alibaba's Tmall platform at steep discounts and is a barometer for the firm's performance. Transactions last year broke past US$14 billion.

The celebration, launched seven years ago by Alibaba, has already eclipsed the combined sales of the equivalent events in the United States: Cyber Monday and Black Friday.

However, Alibaba's accounting practices for the event came under scrutiny this year by the US Securities and Exchange Commission. Some merchants have questioned whether results from the event are really as high as reported.

The firm, headed by billionaire businessman Jack Ma, plans to expand Singles' Day sales globally this year, opening up Hong Kong and Taiwan as the first markets outside China where consumers will be able to buy international products via Tmall.

This year's event will feature a performance by Katy Perry, virtual reality shopping, and a live-streamed fashion show in Shanghai allowing viewers to pre-order items as they appear on the catwalk, the firm said.

The sales are a key channel in driving transaction volumes, where consumers can get cut-price deals ahead of time, but the transaction only goes through on the day itself.

 

[TaiShang]

Heavens bless!

Spend! Buy Innovated and created in China!