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What recession? Alibaba’s Singles Day rakes in record sum | News [Video]

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It was tipped to break the record and Alibaba’s 2020 Singles Day on 11 November smashed it out of the ball park.

The world’s second biggest economy, tipped to be the best in 2020, shows strong signs of health as a staggering US$74.1 billion in gross merchandise volume was transacted.

Upmarket jewellers Cartier hosted its first live-streamed show on Taobao Live, showcasing a US$28.3 million necklace to an audience of almost 800,000 people. Other luxury stores debuting were Prada, Vacheron Constantin, Piaget, Balenciaga, Kenzo and Chloe.

The jewellery category saw the fastest growth, exceeding the category’s total sales from last year in just 30 minutes, both on Tmall Luxury Pavilion and other Alibaba platforms.

This year, the event featured two shopping windows, the first from 1 to 3 November and the second for 24 hours on Singles Day, November 11, to offer more opportunities for brands and merchants to extend deals to consumers.

Total gross merchandise volume for the event was calculated …

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Ecommerce

Internet Marketing Training Center Online Radio by InternetMarketingTrainingCenter [Video]

The Internet Marketing Training Center certificate courses are designed to prepare students for jobs in the e-commerce industry and also to build their own prof

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Ecommerce

Reports of rising retail sales suggest Chinese consumers have shaken off coronavirus worry, but the recovery is by no means complete, and spending that has grabbed headlines masks a deeper malaise

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Ecommerce

My WORST NIGHTMARE Came True With Amazon! Every amazon fba seller fears their seller account being suspended, watch this video to find out what happened and what I did to try and fix it!