AndrewJin
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Vast interior accommodates ten times more. I have just seen a delivery man on his electric scooter with TCL boxes.
11.11, Singles' Day of 2015: news & updates
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TaiShang
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A View of 'China's Taobao Village'
2015-11-11
A logo of Taobao.com is seen in Bainiu Village, located in Changhua Town of Lin'an City, Zhejiang Province, on Nov. 7. [Photo: china.com.cn]
Bainiu Village, located in Changhua Town of Lin'an City, Zhejiang Province, has been known as "China's Taobao Village" in recent years due to its fast developing rural electronic commerce. Logos, slogans, cartoons and charts advertising the goods being traded on Taobao.com can be seen everywhere on the streets and lanes.
According to Aliresearch.com, the village currently runs a total of 67 online shops through various e-commerce platforms, with annual sales enjoying a progressive increase from 73 million yuan in 2012, 150 million yuan in 2013 and more than 200 million yuan in 2014. The figure is expected to exceed 300 million yuan in 2015.
Local agricultural products account for most of the sales, such as walnuts, dried bamboo shoots, tea, pine nuts, and pecans. With the "Double 11 Festival"(Nov. 11) drawing near, the village enters its busiest marketing period of the year.
Logos and slogans advertising Taobao.com can be seen everywhere in Bainiu Village, located in Changhua Town of Lin'an City, Zhejiang Province. [Photo: china.com.cn]
A logo of Wangwang.taobao.com seen in Bainiu Village, located in Changhua Town of Lin'an City, Zhejiang Province. [Photo: china.com.cn]
A villager passes by a wall with the logo advertising Tmall.com in Bainiu Village, located in Changhua Town of Lin'an City, Zhejiang Province. [Photo: china.com.cn]
A villager works in a field of Bainiu Village, located in Changhua Town of Lin'an City, Zhejiang Province. On a nearby wall is a slogan advertising Taobao.com which reads "Refund or exchange goods within seven days without having to give any reason". [Photo: china.com.cn]
A villager passes by a wall with a cartoon depicting the image of Bainiu Village, located in Changhua Town of Lin'an City, Zhejiang Province. [Photo: china.com.cn]
A villager passes by a wall with the slogan advertising Taobao.com in Bainiu Village, located in Changhua Town of Lin'an City, Zhejiang Province. [Photo: china.com.cn]
2015-11-11
A logo of Taobao.com is seen in Bainiu Village, located in Changhua Town of Lin'an City, Zhejiang Province, on Nov. 7. [Photo: china.com.cn]
Bainiu Village, located in Changhua Town of Lin'an City, Zhejiang Province, has been known as "China's Taobao Village" in recent years due to its fast developing rural electronic commerce. Logos, slogans, cartoons and charts advertising the goods being traded on Taobao.com can be seen everywhere on the streets and lanes.
According to Aliresearch.com, the village currently runs a total of 67 online shops through various e-commerce platforms, with annual sales enjoying a progressive increase from 73 million yuan in 2012, 150 million yuan in 2013 and more than 200 million yuan in 2014. The figure is expected to exceed 300 million yuan in 2015.
Local agricultural products account for most of the sales, such as walnuts, dried bamboo shoots, tea, pine nuts, and pecans. With the "Double 11 Festival"(Nov. 11) drawing near, the village enters its busiest marketing period of the year.
Logos and slogans advertising Taobao.com can be seen everywhere in Bainiu Village, located in Changhua Town of Lin'an City, Zhejiang Province. [Photo: china.com.cn]
A logo of Wangwang.taobao.com seen in Bainiu Village, located in Changhua Town of Lin'an City, Zhejiang Province. [Photo: china.com.cn]
A villager passes by a wall with the logo advertising Tmall.com in Bainiu Village, located in Changhua Town of Lin'an City, Zhejiang Province. [Photo: china.com.cn]
A villager works in a field of Bainiu Village, located in Changhua Town of Lin'an City, Zhejiang Province. On a nearby wall is a slogan advertising Taobao.com which reads "Refund or exchange goods within seven days without having to give any reason". [Photo: china.com.cn]
A villager passes by a wall with a cartoon depicting the image of Bainiu Village, located in Changhua Town of Lin'an City, Zhejiang Province. [Photo: china.com.cn]
A villager passes by a wall with the slogan advertising Taobao.com in Bainiu Village, located in Changhua Town of Lin'an City, Zhejiang Province. [Photo: china.com.cn]
AndrewJin
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Alibaba passes last year's $9.3 billion in sales with 12 more hours left this year
Update
cnleio
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China's Alibaba records 'singles day' sales of $8bn in 10 hours
E-commerce company set for record sales in what has become the world’s biggest online retail promotion
Delivery staff deal with parcels on ‘singles day’ in China. Alibaba says it is headed for record online sales this year. Photograph: ChinaFotoPress via Getty Images
Shoppers spent nearly $8bn in the first 10 hours of Chinese e-commerce giantAlibaba’s “singles day” event on Wednesday, the company said, reinforcing its status as the world’s biggest online retail promotion.
Total gross merchandise volume, a measure of sales, reached 50bn yuan ($7.86bn) at 9.52am, it said on its website, after the promotion began at midnight.
Alibaba’s chief executive officer, Daniel Zhang, said: “The whole world will witness the power of Chinese consumption this November 11.”
In comparison, desktop sales for the five days from Thanksgiving through to Cyber Monday in the US stood at $6.56bn in 2014, according to Internet analytics firm comScore.
“Singles day” is not a traditional Chinese festival, but Alibaba has been pushing the 11 November date – named after the digits it contains – since 2009 as it looks to tap an expanding market in internet shopping in China, which has the world’s biggest online population of 668 million people.
At first it was marketed as an “anti-Valentine’s Day” in China, featuring hefty discounts to lure the country’s singletons and price-sensitive buyers.
@AlibabaGroup says need 1.7mln deliverymen, 400k vehicles, 5k warehouses &200 airplanes on China's #SinglesDay Sale pic.twitter.com/8Ituh9h32m
The event has received vocal support from the government at a time whenChina’s economic expansion is slowing and Beijing is trying to transform the growth model into a more sustainable one driven by consumption.
The office of the Chinese premier, Li Keqiang, phoned Alibaba’s chairman, Jack Ma, hours before the promotion was kicked off, “congratulating and encouraging the creation and achievement of the 11.11 event”, said a posting on the social media account of Tmall, the group’s business-to-consumer arm.
Sales reached $9.3bn for the day in 2014 – the first time the event was expanded globally – up 60% year-on-year, the company’s figures showed.
Headquartered in the eastern city of Hangzhou, Alibaba does not sell products directly but acts as an electronic middleman, operating China’s most popular consumer-to-consumer platform, Taobao, which is estimated to hold more than 90% of the market.
E-commerce company set for record sales in what has become the world’s biggest online retail promotion
Delivery staff deal with parcels on ‘singles day’ in China. Alibaba says it is headed for record online sales this year. Photograph: ChinaFotoPress via Getty Images
Shoppers spent nearly $8bn in the first 10 hours of Chinese e-commerce giantAlibaba’s “singles day” event on Wednesday, the company said, reinforcing its status as the world’s biggest online retail promotion.
Total gross merchandise volume, a measure of sales, reached 50bn yuan ($7.86bn) at 9.52am, it said on its website, after the promotion began at midnight.
Alibaba’s chief executive officer, Daniel Zhang, said: “The whole world will witness the power of Chinese consumption this November 11.”
In comparison, desktop sales for the five days from Thanksgiving through to Cyber Monday in the US stood at $6.56bn in 2014, according to Internet analytics firm comScore.
“Singles day” is not a traditional Chinese festival, but Alibaba has been pushing the 11 November date – named after the digits it contains – since 2009 as it looks to tap an expanding market in internet shopping in China, which has the world’s biggest online population of 668 million people.
At first it was marketed as an “anti-Valentine’s Day” in China, featuring hefty discounts to lure the country’s singletons and price-sensitive buyers.
@AlibabaGroup says need 1.7mln deliverymen, 400k vehicles, 5k warehouses &200 airplanes on China's #SinglesDay Sale pic.twitter.com/8Ituh9h32m
The event has received vocal support from the government at a time whenChina’s economic expansion is slowing and Beijing is trying to transform the growth model into a more sustainable one driven by consumption.
The office of the Chinese premier, Li Keqiang, phoned Alibaba’s chairman, Jack Ma, hours before the promotion was kicked off, “congratulating and encouraging the creation and achievement of the 11.11 event”, said a posting on the social media account of Tmall, the group’s business-to-consumer arm.
Sales reached $9.3bn for the day in 2014 – the first time the event was expanded globally – up 60% year-on-year, the company’s figures showed.
Headquartered in the eastern city of Hangzhou, Alibaba does not sell products directly but acts as an electronic middleman, operating China’s most popular consumer-to-consumer platform, Taobao, which is estimated to hold more than 90% of the market.
cnleio
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Forget Black Friday and Cyber Monday: 100m shoppers splash out on China's Singles' Day
Last year 27,000 merchants took part, with Alibaba’s e-commerce sites generating £6.1bn in sales
At dawn on Wednesday an army of 1.7 million foot soldiers and 400,000 vehicles will fan out across towns and cities in China. Its mission? To begin delivering 760m parcels expected to be ordered during a 24-hour orgy of spending that is described as the world’s greatest online shopping fiesta.
Singles’ Day – or Double Eleven, as most Chinese call it in reference to the day on which it falls – was reputedly started on 11 November 1993 by singleton students who were seeking an excuse to buy themselves presents.
Today it is a Chinese institution, creating work for hundreds of thousands of green-uniformed postal workers and vast sums of money for Alibaba, the retail giant credited with turning the day into a commercial phenomenon.
When Alibaba decided to launch an annual online sale on Singles’ Day 2009, just 27 merchants took part, slashing their prices for the duration of the 24-hour promotion.
Since then the event’s growth, like much in modern China, has been astounding and it now eclipses both the US’s Black Friday and Cyber Monday. Last year 27,000 merchants took part, with Alibaba’s e-commerce sites generating $9.3bn (£6.1bn) in sales.
This year, despite concerns over the overall health of the Chinese economy, Singles’ Day is again predicted to hit new heights. Ninety per cent of respondents in a poll carried out by China’s Jinan University and the Information Times newspaper said they would take part by snapping up bargains.
Lu Zhenwang, an e-commerce analyst from Shanghai, said he expected a record 100 million people to take part in this year’s online shopping binge, the majority aged between 20 and 40. “[Shoppers come] from all parts of China: every province, every city and even every county town,” he said.
Oceanne Zhang, a Shanghai-based e-commerce expert from Kantar Retail, said she expected sales to surge 15% on last year. Part of the reason is that Singles’ Day is now, in fact, no longer held on a single day. Some Chinese e-commerce sites have been offering heavily discounted items for a week now, on the condition that they are paid for on 11 November.
Zhang said one day was insufficient time for most people to fulfil their bargain-hunting needs. “It’s [only] 24 hours. You have to work for eight hours and you have to sleep for six hours. They wanted better [results] this year so they started earlier, will last longer, will have a bigger impact and, of course, will make more transactions happen,” she said.
Another factor driving booming sales is the rapid spread of smartphones, of which there are now more than 910m in China. That has allowed the Double Eleven buying phenomenon to spread right across the country, Zhang said.
China’s wealthy eastern coast and south have traditionally been the source of most online orders. “But the key change we have seen this year is that some rural areas are increasing their number of transactions very, very rapidly. Everybody is talking about rural e-commerce.”
Alibaba says this year’s Double Eleven shopping spree is also going to be the most international yet. A record number of foreign brands – including Burberry, Estee Lauder, Nike, Topshop and Uniqlo – will take part by hawking their wares on Alibaba sites such as Tmall.
“Eleven/Eleven is going global,” Daniel Zhang, the company’s chief executive, boasted in an interview with Fortune magazine. “Chinese consumers will be buying an unprecedented assortment of international brands and products from around the world. Chinese consumers associate quality and prestige with American and European brands, and both have very solid presence on 11/11 in response to strong consumer demand.”
Jack Ma, Alibaba’s chairman and founder, said the event was more than “just the largest shopping day in the world”. He said: “This festival is a thermometer for the Chinese economy.”
Christopher Balding, a professor of finance and economics at Peking University’s HSBC Business School, said observers would look to Singles’ Day results for clues about the state of China’s overall economy. But he cautioned against reading too much into the outcome, particularly since those splashing their cash were likely to represent a younger, single, internet-savvy cross-section of Chinese society.
“Everybody is looking for something they can hang their hat on that this is what is going on with the Chinese economy. Whether it is awful or whether it is wonderful, I’m personally a little sceptical that this would be a good benchmark for what is going on in the Chinese economy,” he said. “If there is negative growth I think that would be a very concerning thing, but even then I wouldn’t read too much into it.”
Alibaba appears to be gearing up for a bumper year. The Hangzhou-based company has built an “11/11 command centre” in Beijing and will throw a glitzy gala at the city’s Olympic Water Cube stadium on Tuesday night to kick off proceedings. The US singer Adam Lambert and the Chinese actress Zhao Wei are among those expected to attend the festivities, which will be televised andstreamed online.
China’s communist founder Mao Zedong might be turning in his mausoleum at the unabashed display of capitalist excess. But Double Eleven celebrations are likely to please the country’s current rulers who are seeking to wean China’s economy off its addiction to state investment and exports, partly by encouraging consumers to spend, spend, spend.
China’s latest five-year economic plan, details of which emerged this week, outlines a goal of “a more sustainable and balanced way of development”, with annual growth targets of at least 6.5%.
Not everyone is impressed with the furore around Singles’ Day. In an interview with the Qingdao Morning Post, one man lamented how in recent years his wife had frittered away 130,000 yuan (£13,500) of their hard-earned savings on Double Eleven purchases – thus dashing their dreams of buying a new home.
As millions of shoppers prepared to click their way to consumer happiness, the man, named only as Mr Cao, was left with nothing but bitterness and regret. “Our plan didn’t work out because my wife overspent online,” he complained.
Last year 27,000 merchants took part, with Alibaba’s e-commerce sites generating £6.1bn in sales
At dawn on Wednesday an army of 1.7 million foot soldiers and 400,000 vehicles will fan out across towns and cities in China. Its mission? To begin delivering 760m parcels expected to be ordered during a 24-hour orgy of spending that is described as the world’s greatest online shopping fiesta.
Singles’ Day – or Double Eleven, as most Chinese call it in reference to the day on which it falls – was reputedly started on 11 November 1993 by singleton students who were seeking an excuse to buy themselves presents.
Today it is a Chinese institution, creating work for hundreds of thousands of green-uniformed postal workers and vast sums of money for Alibaba, the retail giant credited with turning the day into a commercial phenomenon.
When Alibaba decided to launch an annual online sale on Singles’ Day 2009, just 27 merchants took part, slashing their prices for the duration of the 24-hour promotion.
Since then the event’s growth, like much in modern China, has been astounding and it now eclipses both the US’s Black Friday and Cyber Monday. Last year 27,000 merchants took part, with Alibaba’s e-commerce sites generating $9.3bn (£6.1bn) in sales.
This year, despite concerns over the overall health of the Chinese economy, Singles’ Day is again predicted to hit new heights. Ninety per cent of respondents in a poll carried out by China’s Jinan University and the Information Times newspaper said they would take part by snapping up bargains.
Lu Zhenwang, an e-commerce analyst from Shanghai, said he expected a record 100 million people to take part in this year’s online shopping binge, the majority aged between 20 and 40. “[Shoppers come] from all parts of China: every province, every city and even every county town,” he said.
Oceanne Zhang, a Shanghai-based e-commerce expert from Kantar Retail, said she expected sales to surge 15% on last year. Part of the reason is that Singles’ Day is now, in fact, no longer held on a single day. Some Chinese e-commerce sites have been offering heavily discounted items for a week now, on the condition that they are paid for on 11 November.
Zhang said one day was insufficient time for most people to fulfil their bargain-hunting needs. “It’s [only] 24 hours. You have to work for eight hours and you have to sleep for six hours. They wanted better [results] this year so they started earlier, will last longer, will have a bigger impact and, of course, will make more transactions happen,” she said.
Another factor driving booming sales is the rapid spread of smartphones, of which there are now more than 910m in China. That has allowed the Double Eleven buying phenomenon to spread right across the country, Zhang said.
China’s wealthy eastern coast and south have traditionally been the source of most online orders. “But the key change we have seen this year is that some rural areas are increasing their number of transactions very, very rapidly. Everybody is talking about rural e-commerce.”
Alibaba says this year’s Double Eleven shopping spree is also going to be the most international yet. A record number of foreign brands – including Burberry, Estee Lauder, Nike, Topshop and Uniqlo – will take part by hawking their wares on Alibaba sites such as Tmall.
“Eleven/Eleven is going global,” Daniel Zhang, the company’s chief executive, boasted in an interview with Fortune magazine. “Chinese consumers will be buying an unprecedented assortment of international brands and products from around the world. Chinese consumers associate quality and prestige with American and European brands, and both have very solid presence on 11/11 in response to strong consumer demand.”
Jack Ma, Alibaba’s chairman and founder, said the event was more than “just the largest shopping day in the world”. He said: “This festival is a thermometer for the Chinese economy.”
Christopher Balding, a professor of finance and economics at Peking University’s HSBC Business School, said observers would look to Singles’ Day results for clues about the state of China’s overall economy. But he cautioned against reading too much into the outcome, particularly since those splashing their cash were likely to represent a younger, single, internet-savvy cross-section of Chinese society.
“Everybody is looking for something they can hang their hat on that this is what is going on with the Chinese economy. Whether it is awful or whether it is wonderful, I’m personally a little sceptical that this would be a good benchmark for what is going on in the Chinese economy,” he said. “If there is negative growth I think that would be a very concerning thing, but even then I wouldn’t read too much into it.”
Alibaba appears to be gearing up for a bumper year. The Hangzhou-based company has built an “11/11 command centre” in Beijing and will throw a glitzy gala at the city’s Olympic Water Cube stadium on Tuesday night to kick off proceedings. The US singer Adam Lambert and the Chinese actress Zhao Wei are among those expected to attend the festivities, which will be televised andstreamed online.
China’s communist founder Mao Zedong might be turning in his mausoleum at the unabashed display of capitalist excess. But Double Eleven celebrations are likely to please the country’s current rulers who are seeking to wean China’s economy off its addiction to state investment and exports, partly by encouraging consumers to spend, spend, spend.
China’s latest five-year economic plan, details of which emerged this week, outlines a goal of “a more sustainable and balanced way of development”, with annual growth targets of at least 6.5%.
Not everyone is impressed with the furore around Singles’ Day. In an interview with the Qingdao Morning Post, one man lamented how in recent years his wife had frittered away 130,000 yuan (£13,500) of their hard-earned savings on Double Eleven purchases – thus dashing their dreams of buying a new home.
As millions of shoppers prepared to click their way to consumer happiness, the man, named only as Mr Cao, was left with nothing but bitterness and regret. “Our plan didn’t work out because my wife overspent online,” he complained.
Shotgunner51
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Let's merge the thread
Shotgunner51
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The power of “the single dog” is incredible !
Don't estimate the power of WIFES as well!
I hate Jack Ma for some reasons ... LOL
AndrewJin
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https://dji.world.tmall.com/?spm=a312a.7700824.w5001-12747255310.2.NetJNi&scene=taobao_shop
DJI flagship store in Tmall
On big sales!!!
Thousands of have been sold until 12am
@GS Zhou @cirr @TaiShang @Daniel808 et al
DJI flagship store in Tmall
On big sales!!!
Thousands of have been sold until 12am
@GS Zhou @cirr @TaiShang @Daniel808 et al
cirr
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GS Zhou
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Shotgunner51
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I've contributed one unit to it
I will get two Huawei new phones, plus a long list of things I never knew before
AndrewJin
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Cool, which type?I've contributed one unit to it
What?!
Huawei's Tmall flagship store has already sold half a million Huawei Honour today!
GS Zhou
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Phantom 3 Professional
AndrewJin
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Nice choice, is that really different to buy a standard version?
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