"Double 11" online shopping festival reflects huge potential of Chinese consumption market

Employees of Chinese e-commerce giant JD.com sort express delivery packages at a logistics park of the company in Luquan district, Shijiazhuang, north China's Hebei province, Nov. 11, 2021. (Photo by Liang Zidong/People's Daily Online) Singles' Day shopping festival that falls on Nov. 11 each year, also known as "Double 11", is one of the most anticipated date of the year for China's consumers. This year, "Double 11" transaction data delivered by major e-commerce platforms in China still kept an upward trend, signaling the huge potential of the Chinese consumption market. E-commerce giant JD.com said transaction volume on its platform totaled…