Double 5 shopping sales hit US$2.2b in 24 hours
Print Edition
THE combined retail sales of the Double Five shopping season in Shanghai had reached 10 billion yuan (US$1.41 billion) as of 2:12pm yesterday since it was officially launched on Monday evening, the Shanghai Commerce Commission said.
It rose to 15.68 billion yuan at 8pm — exactly 24 hours after the launch of the event.
Imported goods fairs and various promotional campaigns are being staged by the city’s home and foreign retailers, while online discounts were sought after by shoppers as consumption sentiment built up during the Labor Day holiday.
Metro China’s spring sales fair includes 500 types of imported goods from more than 30 countries and regions.
Wumei Group President and Chairman of Metro Hong Kong Holdings Xu Ying said it will support Metro’s digitalization efforts to cater to local trends. Wumei Group has an 80-percent stake in Metro China after completing a 1-billion-euro (US$1.1 billion) takeover in April.
More than 3,500 types of Metro’s home items will be included in the city’s shopping season, which ends in June.
Top retailers like Walmart, Muji, H&M, Starbucks and Lyfen were also using WeChat payment’s mini program to give away coupons worth a total of 2 billion yuan.
Five-time Olympic Games champion diver Wu Minxia, a Shanghai native and now deputy secretary of the Shanghai Youth League, was joined by top Taobao live host Li Jiaqi on Monday night for a livestreaming session to sell local products.
The duo attracted more than 3 million viewers in 20 minutes and promoted time-honored brands like Maling canned pork luncheon meat, Bright Diary milk and Shanghai Jahwa’s personal care items.
Taobao live hosts and merchants held more than 10,000 livestreams to help sell to consumers nationwide.
Mutlinational giants like Nike, adidas, Lancome and local brands such as Dr Yu, HotWind and Shuixing Home Textile were among top-selling brands on Alibaba’s Tmall.
Avoiding large crowds
At Alibaba’s Freshippo stores in the city, sales in the first three days of the Labor Day holiday were 40 percent higher than daily average sales in April.
Sales of Koubei’s online coupons for dining and entertainment from May 1 to May 4 more than doubled from a month ago.
Local online construction and interior design firm Qeeka said its promotional season, which started in late April, has helped connect decoration firms and consumers through digital means and integrated sales promotions for furniture and kitchenware.
Jessie Chen, who is looking for home decoration items, said she prefers online stores to avoid large crowds.
“It’s more efficient to book decoration and kitchenware online instead of visiting offline stores,” she said.
Carrefour’s discount coupons also cover offline stores and online delivery services.
Suning Carrefour Chief Operation Officer Zhang Qizhe said Carrefour Shanghai stores’ sales have returned to normal levels from a year ago since April and delivery business is also picking up steadily, and it will deepen penetration into community neighborhoods.
It will bring more catering options into the city and will continue to develop and promote its home brands to meet new consumption trends.
Dingdong Maicai, a local online fresh food vendor, said since the Labor Day holiday average daily sales in Shanghai climbed 40 percent from normal days to about 30 million yuan. In Shanghai, it now serves around 6 million households, doubling from the user base before the coronavirus epidemic outbreak.
“By growing our user base, we can better connect with suppliers and food vendors to ensure high-quality fresh food,” said Founder and Chief Executive Officer Liang Changlin.
It has also offered online cooking tutorials to help shoppers select ingredients.
Pinduoduo users have received some 2 billion yuan worth of coupons and used 500 million yuan of them as of Monday afternoon.
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