CBN丨China outlines 16-point plan to stabilize healthy development of property sector

Chinese e-commerce platforms saw sales jump 13.7% to 1.1 trillion yuan over the course of this year’s Double 11 shopping festival. Gross merchandise volume at e-commerce sites such as Alibaba’s Tmall marketplace, JD.com, and Pinduoduo, rose 2.9% to 934 billion yuan between Oct. 24 and Nov. 11 from a year ago. The GMV for livestreaming e-commerce platforms, including Douyin, Diantao, and Kuaishou, soared 146% to 181.4 billion yuan. For the first time since the first Double 11 in 2009, Tmall and JD did not disclose their GMVs for the annual retail extravaganza. 

 

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