Alibaba’s Tmall sees surge in new brands as foreign merchants pile in ahead of Singles’ Day

Quick Summary:

In the third quarter of this year, the number of brands that opened official stores on Tmall surged by 70 per cent from the previous quarter.

The store reaped commercial success on its first day with some products selling out “within seconds”, achieving over 5 million yuan (US$708,135) in sales on the day.

All Tmall stores are directly accessible from both Taobao and Tmall apps.

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Article Details

Author / Journalist: Ann Cao

Category: Technology

Markets: Hong KongChinaJapan

Topics: Group Opened Tmall Foreign Cent Shopping Brands Stores Platform According September

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-10 @ 07:00:09 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 304 words

Reading Time: 2 minutes read

Sentences: 10 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22972619

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