Flash Report 3 minutesRegister for Free AccessAlibaba Launches Singles’ Day Global Shopping Festival Coresight Research October 15, 2015 Executive Summary On October 13, Alibaba Group launched its 2015 11.11 Global Shopping Festival in its Hangzhou headquarters in China. This year, Alibaba is estimating that Singles’ Day gross merchandise value (GMV) will reach $12.6 billion, up 35.5% from last year. Despite China’s economic slowdown and stock market turmoil, its e-commerce sector is still going strong. Alibaba’s Singles’ Day campaign is poised to benefit from this steady growth. The recent Alibaba-backed merger of group-buying companies Meituan and Dianping and Alibaba’s acquisition of video platform Youku Tudou have further strengthened the company’s leading position in China’s Internet and commerce spaces. This year, Singles’ Day will be more international than ever. Click here to read more Coresight coverage of Singles Day over the last few years. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: July 2023 US Retail Sales: Resilient Consumers and Nonstore Retailers Fuel Retail Sales GrowthWeekly US and UK Store Openings and Closures Tracker 2024, Week 16: 7-Eleven Announces Over 200 Store Openings and ClosuresAldi To Acquire Winn-Dixie and Harveys Supermarket Banners for Major Southeastern US ExpansionMarket Navigator: US Healthcare—Evolving To Become More Personalized and Consumer-Focused
