Insight Report 8 minutes PremiumOne Month to Singles’ Day: Leveraging Alibaba’s Ecosystem Fully to Drive Results Coresight Research October 10, 2019 Executive SummarySingles’ Day, held annually on November 11, began as a festival of young Chinese people celebrating their pride in being single. Alibaba started promoting the day as a shopping day (now officially called the 11.11 Global Shopping Festival) back in 2009. Only 27 brands participated then, generating total gross merchandise volume (GMV) of $7.8 million. Last year, total GMV on Alibaba’s various platforms hit $30.8 billion, up 27% from the prior year and a huge 252% CAGR over the past nine years. In our monthly reports counting down to Singles’ Day, we help retailers and brands prepare for the event. With one month to go, we discuss the rules for merchants for this year’s 11.11 Global Shopping Festival and what merchants need to know to grow sales not only during Singles’ Day but during other promotional events on Alibaba’s e-commerce platforms. Click here to read more Coresight coverage of Singles’ Day for the upcoming 2019 shopping event and prior 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: US and UK Retail Bankruptcies Latest, September 2023: US Convenience and Apparel See BankruptciesMarket Navigator: UK Retail, Including E-Commerce—Consumer Constraints To Fuel Multi-Year Discounter GrowthUS and UK Retail Bankruptcies Latest, December 2023: US Retail Bankruptcies Jump 10X in 2023Head-to-Head in US Warehouse Club Retailing: Costco vs. Sam’s Club
