Discussion Points:

• Singles Day has evolved into a major shopping festival.
• 2024 saw a 16% increase in sales compared to last year.
• Collectibles and premium products gained popularity this year.
• Alibaba made significant changes to support brands.
• China’s e-commerce relies heavily on direct bank payments, not credit cards.
• Logistics during Singles Day has improved with a multi-day approach.
• Alibaba and JD dominate the Singles Day market.
• Consumer behavior is shifting towards higher-quality products.
• Future sales events include 12-12 and Women’s Day in March.
• The competitive landscape is adapting with innovative strategies.