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Mainland CN 'Double 11' Shopping Festival Sees Total E-commerce Sales ~RMB1.7T
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During the 2025's "Double 11" shopping festival, the total e-commerce sales across comprehensive e-commerce, instant retail, and community group buying aggregated approximately RMB1.7 trillion, marking a YoY growth of 14.2%, based on data released by the Chinese online retail data analysis platform Syntun. The total sales of comprehensive e-commerce during "Double 11" whopped approximately RMB1.62 trillion, notching a YoY hike of 12.3%, data showed. BABA-W (09988.HK)(BABA.US)'s platform Tmall, JD-SW (09618.HK)(JD.US), and Douyin ranked in the top three. Instant retail sales reached RMB67 billion, up 1.38 times YoY, with MEITUAN-W (03690.HK)(MPNGY.US)'s e-commerce platform Meituan Instashopping, Taobao Instant Commerce, and Jingdong Miaosong ranking in the top three. Community group buying sales, however, sank 35.3% YoY to RMB9 billion. AASTOCKS Financial News Website: www.aastocks.com |
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