BEIJING, Nov. 12, 2021 /PRNewswire/ — The annual Double 11 shopping carnival has come to an end. As the largest shopping festival in China, the “Double 11” could be the best stage for Chinese e-commerce platforms to compete.
According to Syntun, from 0:0:00 to 24:00 on November 11, the GMV of Traditional Online Retailer Platforms was 314.63 billion yuan, a total of 1.16 billion pieces of packages were generated.
At the same time, livestreaming e-commerce platforms performed brilliantly. During 11.1-11.11, the GMV of mainstream platforms was around 73.76 billion. New retail platform and community group buying platforms have begun to join the “Double 11” competition, the GMV reached 19.72 billion yuan and 13.38 billion yuan respectively.
For more details about the “Double 11 Shopping Festival“, please click here.
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Source: Syntun Ltd.