CKGSB website
Each year Alibaba breaks a new record on Singles Day, the 24-hour online shopping extravaganza that has now become an annual event. This year was no exception. With sales of RMB 91.2 billion ($14.3 billion), Alibaba surpassed last year’s (also record) sales by a whopping 60%. What started as China’s equivalent of Cyber Monday, Singles Day has become bigger than both Cyber Monday and Black Friday combined.
In this edition of China Data, we bring you the lowdown on Alibaba’s Singles Day numbers, Vanke’s moves in the UK real estate market, Baidu’s interest in the online travel market, and other important bits of data from China. Please click on the infographic to enlarge it.
You may also like
A New Energy Cycle
China is adding new solar capacity at a globally unparalleled rate, but it needs to ramp up even further to meet its.
| May. 29 2023
Ground Zero
China is consuming more coffee than ever before and is on track to become one of the largest markets.
| May. 4 2023
Peking Emissions
The ambiguity of China’s carbon reduction goals has resulted in short-term emissions increases, and the targets may not be realistic.
| Mar. 7 2023
Liquid Diplomacy
Baijiu has been an integral part of Chinese culture for centuries, but manufacturers need to attract a new generation to the drink.
| Mar. 7 2023