Insight Report 9 minutes PremiumCoronavirus Insights: China Launches New “55 Shopping Festival” To Give Retail a Post-Lockdown Boost Coresight Research May 21, 2020 What's InsideTo stimulate the economy and encourage consumers to release pent-up demand post Covid-19, the Shanghai Municipal People’s Government co-launched a new, large-scale shopping holiday with the retail industry at the beginning of May 2020. We discuss the potential of the 55 (Double Five) Shopping Festival to drive discretionary spending in Shanghai throughout May and June, exploring the following: The scale and impact of the two-month-long Double Five shopping season—including early success for Shanghai merchants from the launch of the festival on May 4–5 The omnichannel approach—including the participation of e-commerce platforms such as Alibaba’s Tmall and Pinduoduo in generating traffic to brick-and-mortar retail The focus on “shopping and tourism”—how Double Five is driving purchasing behavior in the tourism sector Click here to view Coresight Research’s ongoing coverage of the coronavirus outbreak. This report is for subscribers only. Learn more about subscriptions here.If you are a subscriber, please log in. This document was generated for Other research you may be interested in: Amazon Apparel US Consumer Survey 2023: Understanding Amazon Fashion and Why Consumers Choose ItMicrosoft Ability Summit 2023—The Latest Trends in AI and Inclusive TechnologyHome and Home-Improvement Retail: Key Factors Influencing US ShoppersJanuary and February 2023 China Retail Sales: Total Sales Pick Up as Most Sectors Report Positive Growth