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RedNote E-commerce 'Double 11': No. of Merchants w/ Total Platform Transaction Amt Over RMB10M Spikes 140% YoY
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RedNote (Xiaohongshu)'s e-commerce "Double 11" wrapped up. Its data showed that the number of merchants with the total platform transaction amount exceeding RMB10 million spiked by 140% YoY. The number of products with transaction amounts topping RMB1 million mushroomed by 150% YoY. Among them, the contribution of buyers was apparent during "Double 11", with a YoY surge of 73% in transaction amounts. AASTOCKS Financial News Website: www.aastocks.com |
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