“Double 11” online shopping festival reflects huge potential of Chinese consumption market


Source: authorityngr.com authorityngr.com

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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...