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JD.com Touts Record Singles’ Day Orders But Witholds Total Sales

2023-11-12 01:25
JD.com said its sales for this year’s Singles’ Day shopping bonanza reached “new highs” in transaction volume, order
JD.com Touts Record Singles’ Day Orders But Witholds Total Sales

JD.com said its sales for this year’s Singles’ Day shopping bonanza reached “new highs” in transaction volume, order volume, and number of users, according to a company statement.

  • The retailer did not disclose the specific sales figures for the Nov. 11 event for the second year in a row, as China’s economy has recovered at a slower-than-expected pace
  • JD.com, along with its rival Alibaba Group Holding, will release earnings next week, a key barometer for Chinese consumer sentiment
    • Read more: Singles’ Day Casts Light on China Tech: Asia Earnings Week Ahead