Singles’ Day Celebration–the Largest eCommerce Event

What is the biggest shopping day of the year? If you guessed Black Friday, you’re wrong. Instead, it’s Singles’ Day, Nov. 11 (or 11/11 – a bunch of ones, like singles).

We have written about the social and cultural behavior of urban Chinese youth and pointed out that well-meaning foreigners, middle-aged Chinese, and a wary government dismiss much of this behavior as copying the Westerners because it doesn’t fit into standard Chinese stereotypes. Now emerging from a vast social transformation over the course of three tight decades, the new Chinese culture developing is in fact profoundly Chinese, but no longer representative of a China that was once rural, uneducated and inward-turning.

The primary reason is China’s burgeoning e-commerce market. China is the world’s largest e-commerce market, with a significant lead on other markets, including the U.S. ($450.81bn), UK ($110.07bn) and Japan ($95.33bn). Ecommerce sales in China are expected to pass $1.132 trillion in 2017, accounting for nearly half of worldwide retail ecommerce sales, according to eMarketer.

Additionally, the U.S. lags behind far China in terms of mobile payments. Even QR codes, which have largely flopped in the U.S., are used everywhere in China to buy goods. According to iResearch Consulting Group, which measures online audiences in China, the gross merchandise volume (GMV) of online payments in the country reached 57.7 trillion yuan in 2016, amounting to about 50 times the GMV of similar transactions in the United States, which is estimated by market research firm Forrester Research at US$112 billion. This huge gap is explained by China’s relatively underdeveloped credit card system which has led to the “leapfrog development” of online payment.

The CIIE–China International Import Exhibition) are now hot in Shanghai, with this event, the globe will see how big the Chinese domestic demand, and the coming Single Day’s Shopping Event will surely be handing in a satisfactory answer to the globe. As the major participant in the event, ChinaDivision has been partnering the global enterprises to fulfill their order fulfillment need.

 

 

 

 

 

How Does B2B Company Stunning Itself on Double 11?

Since 2009, this year has been the tenth year of double 11, but consumers have maintained the super enthusiastic with the event.There is no doubt that with the arrival of the double eleven, this year’s Ali will continue the great event as before.
Besides Ali, e-commerce giants such as Jingdong and Suning all have a good performance in the double 11.
In comparison, the B2B industry of the e-commerce companies in the double 11 shopping carnival seems a little lonely.

So does that mean that B2B are without luck of this super event?

The industrial Internet is different from the consumer Internet, which generally refers to the Internet application with producers as users and production activities as application scenarios, and is embodied in the transformation of the production, transaction, financing and circulation of each industry by the Internet.Therefore, the demand of B2B is more prudent and rational than that of B2C, and B2B fixed periodic property of the industry, which is hard to be controlled by artificial “knot making” activities.
But even cautious and rational, have a fixed period the demand of the property, have been touched, double tenth a the party to continue fermentation, the demand will to side B, C, engineering products, raw materials, project, a series of big gesture interaction and influence of “double 11 carnival” extremely important, is not only the consumption side, all kinds of electricity has a cake in the party.Although there will be no explosive trade growth in the B2B industry for the time being, the increase in overall e-commerce traffic and the expansion of heat can still bring a lot of growth to the B2B industry.

How does B2B company stunning itself on Double 11?
Actually we can see this year B2B platforms follow B2C platforms. For example, CNstorm.com, a popular logistics integration and transportation platform, has launched a series of preferential policies, including voucher deduction, big return of red packets and cash collection, in order to stimulate purchase demand, improve transaction efficiency and enhance brand image.The sheer size of the deal speaks volumes about CNstorm.com’s commitment to customers and the determination of a large number of B2B companies represented by its ChinaDivision.com order fulfillment service to “get things done” on nov 11.

Refusing to play a supporting role, where is the future of B2B?
Today many industries are faced with the circumstance of passive change.And the biggest opportunity in this kind of change is precisely how to enter the business model change of brick-and-mortar enterprises through e-commerce and big data application. And own a exclusive logistics line, and guarantee the quality of service. Then we see the future of B2B might be here.
There are challenges and opportunities. Faced with the great chance of “double 11”, I believe there will be more B2B brands like ChinaDivision.com, jumping out of the way. And future double 11 will not only the exclusive carnival festival of B2C merchants.

What Is the Role of Flash Sales In Double 11 Shopping Carnival

Double 11 Shopping Carnival is coming. So, how to get the product you want?

A sale for limited period of time with limited notice about time it starts, ends and also on the products on sale. The customer has no other choice other thanbut the merchandise advertised during that time. Flash sales are the same as executed in stores where an immediate announcement of sale (on specific merchandise) is made and is available only for a short period of time.

Flash Sale is a method of promoting/selling a prouct by any online ecommerce store. It could be a discounted offer or a new product. But in any case, flash sale products are always offered for a limited time with a limited or defined quantity. Flash sales basically sell off surplus stock at lower prices than usual, but they only last for a certain amount of time, often only for one day. A lot of brands use them to sell end of season stock, or to generate interest in something new, or anything they want to increase exposure to. Occasionally some brands do this themselves, and advertise on their own websites, but most use specialist websites that only sell deeply discounted items. As a smart shopper, you will never lose such a great chance to get your ideal product–which may have laid in your shopping cart for year long!
But another thinking is, It’s normally thought that high demand is the reason they put limited stock for sale. But that’s where high demand created in the first place. Just think about it, a ‘flash sale’ ends in less than 2–5 minutes. Can you imagine the situation? People rush to flash sale to get the new product where merchants are playing hard to get.

You will see now, flash sale is, for the merchant to clear the stock, and make a new lanuched product hot-selling in a very limited time. It is the spirit of shopping carnival.

So, is your shopping cart ready for the falsh sales? to put it more correctly, are you ready for the Double 11 shopping carnival?

Are You Ready For The Double 11 Shopping Carnival 

When it comes to year-end overseas shopping carnival , we’ve traditionally set our sights on black Friday and cyber Monday. But in fact, there is a local shopping carnival  going overseas in recent years, it is “double 11”.

When talking about “double 11 shopping carnival” (double 11), we all know that the sales volume is always on TOP in the world. (E-Commerce order fulfillment)But do you think this great event only happens in China? Too young Too simple! The shopping craze is now spreading around the world, and many overseas consumers are eagerly anticipating the “double 11”.

Facebook IQ commissioned an online survey (from October to December 2017) to explore the shopping habits of 40,965 consumers aged 18 and over in 27 markets around the world and compared Facebook data for those 27 markets.

Let the data tell you, as a cross-border e-commerce company going oversea, why do you need to prepare for the “double 11” promotion in 2018? (E-Commerce order fulfillment)

 

First, “double 11” is becoming a global phenomenon!

There is no doubt that the Chinese mainland is home to the “double 11” shopping carnival. But after seeing the huge success of the shopping carnival, a number of neighboring regions and countries, including Hong Kong, India, Indonesia, Thailand and the Philippines, also joined the party.

Apart from mainland China, Hong Kong is the most popular shopping market of “double 11” in the world. Thirty-eight percent of consumers surveyed said they had a shopping on  11th Nov, compared to 22 percent on black Friday and 16 percent on Cyber Monday.In Thailand, the shopping share of “double 11” respondents is already on par with “Black Friday”! (E-Commerce order fulfillment)

Second, Popular among Facebook users in Asia

According to Facebook’s statistics on the actual online conversion of e-commerce companies in Hong Kong, Thailand and the Philippines, it is not hard to see that “double 11” has become one of the hottest year-end shopping sections on our platforms. (E-Commerce order fulfillment)

Facebook counts the number of online business conversion quantity on the platform

Respondents in those regions or countries also said their shopping during the shopping section was more or less affected by Facebook or Instagram.Of those, 95 percent of Filipino respondents, 92 percent of Thai respondents and 77 percent of Hong Kong respondents said they got shopping desire from Facebook or Instagram.

One last thing, Facebook develops a global audience

While Black Friday and Cyber Monday are better known outside Asia, double 11 is not uncomfortably far behind, having already broken out in markets such as Spain, the United States, Turkey, Brazil and Mexico. (E-Commerce order fulfillment)

It can be said that “double eleven” has become a truly global shopping carnival.In fact, 11 percent of Turkish and 10 percent of Brazilian shoppers who participated in the shopping season said they had been on shopping during double 11.