PYMNTS-MonitorEdge-May-2024

Shopping Festival

Digital Retail Innovation With Shopping Festivals And Mobile Checkout     
Digital Retail Innovation With Shopping Festivals And Mobile Checkout     
June 23, 2020  |  Today In Data

China’s 618 shopping festival was closely observed for signs that the consumer will help spend the nation out of COVID-19, and the success of the event shows...

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China’s 618 Festival Shows Strength In Consumer Spending
China’s 618 Festival Shows Strength In Consumer Spending
June 22, 2020  |  Retail

China’s 618 shopping festival is in the books. This year’s three-week event was watched closely for evidence that the Chinese consumer will help spend the...

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Alibaba To Fund Online Shopping Festival With $144M In Subsidies  
Alibaba To Fund Online Shopping Festival With $144M In Subsidies  
March 05, 2020  |  Retail

As a means of stimulating depressed eCommerce volume, China’s Alibaba Group is launching an online shopping festival with 1 billion yuan ($144 million) in spending...

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Alibaba Group’s Retail Sales Surge 38 Pct In Q4
Alibaba Group’s Retail Sales Surge 38 Pct In Q4
February 13, 2020  |  Earnings

In its latest quarter, Alibaba Group saw its sales come out ahead of expectations, spiking 38 percent. The Chinese online shopping company had revenue of $23.19...

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JD.Com Rakes In $24.6B During 618 Shopping Festival
JD.Com Rakes In $24.6B During 618 Shopping Festival
June 25, 2018  |  eCommerce

JD.com‘s annual 618 Shopping Festival was a big success for the Chinese eCommerce player, raking in $24.6 billion, according to new data from Coresight Research....

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