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The turnover of Chinese online sites on the sale “11.11 “exceeded the volume of Russian Internet trade in three years
12.eleven.2021 [12:19],
Alexey Razin

Chinese platforms Alibaba and JD this week.com summed up the preliminary results of the so-called “Day of Singles”, which in the context of the pandemic was stretched for eleven days instead of the usual days. Such a timeframe allowed Alibaba to increase revenue to $ 74 billion, and together with JD, the turnover of the sites amounted to a record $ 115 billion.

Image source: Alibaba Group

For Alibaba (which includes Aliexpress, Taobao, Tmall, etc.).) the increase in turnover compared to the November sale of last year was 86%, for JD – a more modest 33%. On the first of the sites this year, 250,000 trade marks were placed on their products, about 31,000 of them were foreign in relation to the PRC. Out of a total turnover of $ 74.1 billion, US shipments accounted for $ 5 billion, the largest geographic destination for Alibaba.

Both platforms this year have tried to focus on the needs of Chinese people from small cities with moderate incomes, as the audience in metropolitan areas is already almost completely covered by them. Data analysis systems help Chinese marketplaces better understand what products a specific category of customers is interested in.

Image source: AKIT

It is noteworthy that the Russian Association of Internet Trade Companies (AKIT) expects to achieve a turnover of 4.6 trillion rubles by the end of this year, which corresponds to $ 59 billion at the current exchange rate. Over the past two years, the turnover of the Russian market reached 3.7 trillion rubles ($ 48 billion). By and large, the entire Russian market in three years brought its participants less than the turnover of two Chinese sites in eleven days of the current month.