Insight Report 4 minutes PremiumChina’s Midyear 6.18 Shopping Festival Wrap-Up: Lower-Tier Cities and Group Buying Become the Winning Formula Coresight Research June 20, 2019 Executive SummaryThe 6.18 shopping festival, created by JD.com, has grown to become a major midyear e-commerce event in China, with other e-commerce platforms joining in and offering discounts — including rivals Alibaba-owned Tmall and group buying platform Pinduoduo. E-commerce platforms including JD.com, Tmall and Pinduoduo reported strong sales during the 18-day 6.18 shopping festival, with JD.com reporting total transaction volume of $29.2 billion. Group buying has become one of the push factors for e-commerce platforms: Alibaba’s group buying platform Juhuasuan drew 300 million new customers during 6.18. Lower-tier cities (tier 3 and below) have become the main growth driver for 6.18 sales, with Pinduoduo reporting 70% of sales came from tier 3 and below cities. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Amazon Apparel US Consumer Survey 2024: Amazon Regains Its Spot as America’s Most-Shopped Clothing and Footwear RetailerJuly 2023 US Housing Market Indicators: Third Consecutive Month of Strong Sales Growth for New HomesConsumer Sentiment Remains Volatile: US Consumer Survey InsightsWeinswig’s Weekly: Understanding the Scale and Demographics of Cross-Channel Shopping