Post by account_disabled on Mar 4, 2024 3:25:20 GMT -5
The in China The Festival, held on June , is China's second-largest shopping festival after Singles' Day November. The festival, inaugurated by JD. , broke new popularity records this year, which was influenced by the COVID- pandemic. JD. set a new record this year with a total of. billion yuan about billion in orders placed during the shopping festival, which ran from June to. Total gross merchandise volume GMV increased year-on-year, marking an acceleration in growth compared to last year's festival JD. used its extensive order delivery system during the event, which helped the platform gain prominence during the COVID- epidemic.
The first order during the Festival was delivered in just minutes and seconds. The company in a press release also revealed that some categories, such as "JD Supermarket", grew year-over-year, spurred by the surge in interest in India Part Time Job Seekers Phone Number List online grocery stores during the pandemic. petitive platforms also gained during the festival. Tmall recorded. billion yuan GMV approximately. billion , more than twice as much as JD. Most other e-commerce platforms saw significant year-on-year growth during the Festival Pinduoduo reported that sales in the "Mother Baby" category skyrocketed by , Suning announced that their omnichannel sales increased by and FMCG sales increased by.
Alibaba and Tencent benefited from the COVID- pandemic Alibaba and their financial results for the first quarter of. This is a good opportunity to assess the extent to which COVID- has impacted Chinese online platforms. Alibaba achieved very good results due to the high resilience of the e-commerce sector. Alibaba's e-commerce revenue increased year-over-year, while Tmall Online Physical Goods GMV increased. These services' competitors, Pinduoduo and JD. , also maintained consistent performance during the COVID- epidemic. An interesting conclusion is that while China's residents were stuck at home, the online gaming sector flourished. This is also indicated by the financial data. Tencent's advertising and online gaming revenues increased and , respectively, year-on-year.
The first order during the Festival was delivered in just minutes and seconds. The company in a press release also revealed that some categories, such as "JD Supermarket", grew year-over-year, spurred by the surge in interest in India Part Time Job Seekers Phone Number List online grocery stores during the pandemic. petitive platforms also gained during the festival. Tmall recorded. billion yuan GMV approximately. billion , more than twice as much as JD. Most other e-commerce platforms saw significant year-on-year growth during the Festival Pinduoduo reported that sales in the "Mother Baby" category skyrocketed by , Suning announced that their omnichannel sales increased by and FMCG sales increased by.
Alibaba and Tencent benefited from the COVID- pandemic Alibaba and their financial results for the first quarter of. This is a good opportunity to assess the extent to which COVID- has impacted Chinese online platforms. Alibaba achieved very good results due to the high resilience of the e-commerce sector. Alibaba's e-commerce revenue increased year-over-year, while Tmall Online Physical Goods GMV increased. These services' competitors, Pinduoduo and JD. , also maintained consistent performance during the COVID- epidemic. An interesting conclusion is that while China's residents were stuck at home, the online gaming sector flourished. This is also indicated by the financial data. Tencent's advertising and online gaming revenues increased and , respectively, year-on-year.
