Tmall gala celebrates the Double-11 shopping spree. (Photo/Xinhua)
Despite the gloom of the COVID-19 pandemic and the winter cold, for Chinese netizens, November heralds the country’s most enjoyable and exciting online event, the Single’s Day shopping spree. It is a shopping festival popular among young Chinese citizens that celebrates their pride in being single. The date, November 11th, was chosen because the number “1” represents an individual. Thus, this online festival is also known as the Double Eleven Festival in China.
As the world’s largest online shopping event, this year’s Single’s Day Festival has attracted global attention due to its new features brought about by the COVID-19 pandemic. Chinese buyers’ enthusiasm for online shopping has never faded, as China is the only major economy expected to see positive growth this year due to its successful efforts to control COVID-19. In 2020, Alibaba, China’s leading online shopping platform, sold goods worth 498.2 billion RMB ($75.2 billion) from Nov.1 to Nov.11, attracting 800 million buyers, 25,000 brands and 5 million online shops worldwide to enjoy the online extravaganza, while its rival JD.com reached a sale volume of 271.5 million RMB ($41 billion), a new record despite the dampened global economy.
As the online shopping festival has become an integral part of China’s economy and internet culture, this year’s event has added new features to offset the impact of the ongoing pandemic. Follow us to learn what’s new in this year’s online shopping festival, and get ready to fill your shopping cart!
Unprecedented shopping feast
As the deteriorating pandemic situation continues to sweep the globe, most customers have turned to the internet to purchase their daily necessities, making it possible for online shopping platforms to extend the festival from its usual eight days to 11 days this year, with the new shopping window opening on November 1.
“Due to the pandemic, this year’s Double Eleven has become a major channel for companies and brands to sell their products, while the longest shopping festival in history means customers now have more time to think about and make better choices, ” said a spokesperson from Alibaba.
In order to cope with the pressure on the express delivery industry caused by the extended shopping festival, China launched a high-speed rail freight train on November 1 for the first time. Currently, the "High Speed Rail Express" has opened 36 operating lines covering 21 large and medium-sized cities including Beijing, Shanghai, Guangzhou, Shenyang, and Xi'an.
Even the number of online sellers this year has seen a remarkable increase, with more newcomers looking to dip their toes in the new waters. Many Chinese companies that used to deal mainly in exports, for instance, have set up online shops to attract local customers, as the current pandemic has resulted in the loss of large numbers of orders from their overseas buyers.
“Our export orders have shrunk 10 million RMB this year. We have decided to open our online shop and sell our products during the Double Eleven. This is our first try, and I have strong confidence that we can make it,” said Fang Hao, manager of Zexi Commodity Co., Ltd in Yiwu, east China’s Zhejiang Province.
Outlets across China have also made an unprecedented move to join this year’s online spree, which will provide Chinese buyers keen on foreign luxury brands the chance to get their favourite products without leaving the country.
To make the online festival more renowned internationally, many Chinese online shopping platforms have also set up online festival galas to attract foreign customers. According to Tmall, Alibaba’s major online shopping platform, an evening gala featuring music and talk shows will be aired on Single’s Day, covering over 200 countries and regions. Despite the pandemic travel ban, many international stars have taken part in the event, including pop star Katy Perry.
“The Double Eleven is a barometer to observe China’s economy. During the pandemic, this online shopping festival will not only serve as an incubator for business innovation, but will also boost the domestic consumer market, ” said Zhong Hongjun, a professor from the Shanghai University of Finance and Economics.
According to statistics, China’s online retail sales in Q3 reached a year-on-year growth of 9.7 percent.
Poverty alleviation via Internet
With China expected to end absolute poverty by 2020, this year’s online shopping festival also aims to help poverty-stricken regions and farmers get rid of the negative impact brought by the pandemic, creating an online channel to promote their products worldwide.