{"id":1040,"date":"2021-11-11T11:42:22","date_gmt":"2021-11-11T16:42:22","guid":{"rendered":"https:\/\/arc-group.com\/singles-day-2021-emerging-trends-chinese-retail-landscape\/"},"modified":"2025-02-18T10:21:42","modified_gmt":"2025-02-18T15:21:42","slug":"singles-day-2021-emerging-trends-chinese-retail-landscape","status":"publish","type":"post","link":"https:\/\/arc-group.com\/singles-day-2021-emerging-trends-chinese-retail-landscape\/","title":{"rendered":"Singles\u2019 Day In 2021 Sees Emerging Trends in Chinese Retail Landscape"},"content":{"rendered":"

The world\u2019s biggest online shopping day, Chinese Singles\u2019 Day, is coming closer. The shopping season has witnessed significant sales rise every year since its first celebration. Singles\u2019 Day in 2021 will likely be no less impressive, as domestic and international demands grow and leading retailers bring further innovative sales strategies.<\/p>\n

Singles\u2019 Day is an unofficial Chinese holiday that turned into a massive shopping season by Chinese e-commerce giant Alibaba on November 11, 2009. Over the years, what used to be a one-day event transformed into a month-long bargain-hunting frenzy with pre-event promotions starting as early as October 17.<\/p>\n

In 2020, over 250,000 brands (of which 31,000 were from overseas), 5 million online retailers, and 800 million consumers participated throughout the shopping festival. Despite the ongoing COVID pandemic, Singles\u2019 Days sales reached record-breaking amounts. In 2020, Gross Merchandise Value (GMV) during the whole running period of Singles\u2019 Day promotions was 860 billion CNY (US$133 billion), almost double that in 2019. US\u2019s largest shopping weekend, Black Friday and Cyber Monday, fades in comparison to Singles\u2019 Day.<\/p>\n

\"Graph<\/p>\n

2021\u2019s Singles\u2019 Day has been equally promising. Alibaba Group Holding Ltd. kicked off its promotions for the annual Singles\u2019 Day shopping festival on October 20. Alibaba\u2019s subsidiary, Taobao, experienced a 20-minute system crash on the day, attributed to heavy traffic generated by \u201coverenthusiastic\u201d consumers. China\u2019s top live streaming salesman, Li Jiaqi, sold goods worth US$1.9 billion on Taobao\u2019s marketplace on the day. Another top live-streamer, Viya, sold about US$1.25 billion worth of goods in a show that lasted 14 hours.<\/p>\n

Emerging Trends in Chinese Singles\u2019 Day<\/h4>\n

According to Bain & Company\u2019s recent survey of 3,000 Singles\u2019 Day shoppers in 2020, 95% of the group stated their intention to participate in the event again in 2021 while over 50% said they were planning to spend more than last year. Only 8% said they were planning on reducing their spending level. The average expected expenditure during the festival per customer is US$329, where women are more likely to spend more than men.<\/p>\n

Increasing Participation in Lower-Tier Cities<\/h4>\n

In recent years, there has been a strong e-commerce penetration rate of lower-tier cities in China, which are expected to deliver a 34% GAGR during 2019-2021F, according to DBS Asian Insights. Tier 3 cities and below are expected to account for 43% of China\u2019s e-commerce retail GMV in 2021F, up from 38% in 2019. The main drivers for this growth are the rising rate of online penetration and increasing consumption power.<\/p>\n

\"Graph<\/p>\n

Global Trends in Singles\u2019 Day<\/strong><\/p>\n

Data from advertising company Criteo show a 600% increase in sales in Malaysia on November 11, 2020, compared to the month before, while Thailand reaped more than a 300% increase in sales. The whole Southeast Asia region recorded a spike in sales growth on the day. Australia has its own shopping event, Click Frenzy, which happens one day before Singles\u2019 Day. The sales growth on Singles\u2019 Day 2020 in Australia was close to that of Click Frenzy with a 46% increase over the average of October. LATAM countries also witnessed significant sales growth on Singles\u2019 Day. Sales rose by 127% in Mexico and 49% in Brazil on November 11, 2020.<\/p>\n

\"Graph<\/p>\n

The event also had a strong foothold in European countries where sales increased by 89% in Norway, 68% in Italy, and 43% in Germany during the season. E-commerce giant Alibaba is investing further in Europe, competing with Amazon on the same ground. According to Euromonitor International, Alibaba was among the top three online sellers of consumer goods in eastern Europe in 2020. In western Europe, Amazon is the top seller, yet its market share remained at 19.3% in 2020, showing no growth during the pandemic. On the other hand, Alibaba\u2019s market share increased to 2.9%, marking a 2% increase from 2019. Riding on the growth, different business units of Alibaba have announced their expansion into Europe during the weeks leading up to the Singles\u2019 Day shopping festival.<\/p>\n

\"Graph<\/p>\n

Singles\u2019 Day marks the growing importance of Chinese e-commerce in the retail landscape nationally and globally. Beyond its enormous market size and super-fast growth, China\u2019s e-commerce is powering retailing innovations, digital marketing, and cross-border e-commerce. The once unofficial holiday is now full of domestic and international sales opportunities for interested retailers.<\/p>\n

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Read more about our retail expertise<\/a> or our consulting services<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The world\u2019s biggest online shopping day, Chinese Singles\u2019 Day, is coming closer. The shopping season has witnessed significant sales rise every year since its first celebration. Singles\u2019 Day in 2021 will likely be no less impressive, as domestic and international demands grow and leading retailers bring further innovative sales strategies. Singles\u2019 Day is an unofficial […]<\/p>\n","protected":false},"author":3,"featured_media":1041,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[15,16],"tags":[26],"news_type":[42],"class_list":["post-1040","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-china","category-market-insights","tag-china","news_type-insights"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/posts\/1040","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/comments?post=1040"}],"version-history":[{"count":6,"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/posts\/1040\/revisions"}],"predecessor-version":[{"id":8207,"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/posts\/1040\/revisions\/8207"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/media\/1041"}],"wp:attachment":[{"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/media?parent=1040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/categories?post=1040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/tags?post=1040"},{"taxonomy":"news_type","embeddable":true,"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/news_type?post=1040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}