Homepage / Asia / Singles Day is not just for China anymore
test Due Diligence Blog Digital Data Rooms for the Netherlands Board Room Apps Secure Board Management With Secure Board Portals What Happens at Board of Directors Meetings? Board Room Software Review How to Prepare Board Rooms for Effective Board Meetings Board Room Software Boosts Performance and Communication Selecting a Secure Data Room Review Local Data Room Service Review How to Find the Best Virtual Data Room Review What to Look for in a Data Room uk Provider Document Storage and Distribution Software Everything About VDRs Corporate Software Advantages How to Choose a Virtual Data Room Provider The Most Secure Way to Transfer Files How to Manage Online Board Meetings Benefits Virtual Data Room Solutions – Must-Haves for M&A and Due Diligence Best Data Room Functions for the Different Types of Industries How to Choose a VDR Software Provider How to Choose an Online Board Portal The Benefits of a Boardroom Review Board Room Online Solutions – How to Get the Most Out of Your Board Meetings Why You Need a Board Room How a Board Room Blog Can Transform Your Business Choosing the Best Board Room Format How to Have Productive and Engaging Board Directors Meetings Choosing the Right Virtual Data Room How to Keep Safe Documents Storage Teaching Kids About Online Safety Avoid Costly Mistakes With Free Data Room Services Corporate Virtual Data Secure Online Data Rooms Solutions How to Keep Share, Edit and Delete Your Data Safe Virtual Data Room Software Secrets for M&A Due Diligence What to Look For in Boardroom Providers Board of Directors Blog Posts How to Deliver Value at Your Board Meetings How to Have Effective Board Meetings Responsibilities of Board Members Deal Management – How to Effectively Manage a Complex Sales Pipeline Data Rooms For Mergers And Acquisitions How to Have a Successful Board Room Meeting Choosing a Board Room Service Provider What is a Board Room Service? Board Room Software Review – Choosing the Best Portal for Mother Board Meetings Why a Board Room Providers Review Is Important What Is a Board Room Review? Venture Software for VC Firms What Is an Assessment Report? The Importance of a Tech Audit Popular Business Applications What to Look For in a Data Room App What Are Business Applications? How to Choose a Virtual Data Room How to Plan a Data Room Review Coronavirus Guide What is a Virtual Data Room? What Is Data Science? What Is an Operating System? Turbotax Small Business Review How Online VDRs Are Used in M&A Deals Why Choose VDR Software? The Power of Business Software The Benefits of a Software Board Online Data Room Review The Importance of Tech Knowledge Improving Accuracy of Financial Data Online Business Records – How to Keep Your Online Business Records Accurate and Secure What is a Board Portal De? DealRoom Review – A Review of VDR Software M&A Due Diligence for Private Companies The Virtual Data Room Review Why Companies Use a Data Room Review to Facilitate M&A Transactions The Best File Sharing Services How Online VDRs Are Used in M&A Deals Best Virtual Data Room How to Choose a Best Board Room Provider Choosing a Data Room for Due Diligence What Is a Data Room Business Software? Best Data Room Providers Review Data Room Providers Review Mostbet Tr Resmî Web Sitesinde Giriş Ve Kayıt Olm Kumar Oynamak Için En Iyi Yerdir The Benefits of Cloud Data Services for Enterprises Online Data Room and SSL How to Build a Diverse Board of Directors Best Virtual Data Review A Data Room Service Review How Runn Makes Project Data Accessible, Accurate and Shareable Five Pillars of Information Protection The Importance of Online Business Reports Benefits of Colocation Services Virtual Data Rooms Guide Choosing a Business Virtual Data Room Choosing the Right VDR Service Review How to Conduct a Virtual Data Room Review Glory Online Casino Türkiye En Iyi Oyunları Ve Bahisleri Olan Kumarhane

Asia

Singles Day is not just for China anymore

Singles Day has become the world’s largest shopping event as Alibaba announced its sales hit $25.4 billion this weekend. The figure not only surpassed the Chinese e-commerce giant’s own record, but is also topped Black Friday and Cyber Monday U.S. sales combined.

But Singles Day, marked on Nov. 11, is not just for the Chinese anymore.

Lazada, Southeast Asia’s e-commerce platform backed by Alibaba, pushed Singles Day aggressively in the region.

This year, the event generated $123 million of gross merchandise value for Lazada, representing a 171 percent increase since last year’s Singles Day. Shoppers on the company’s Southeast Asian marketplaces ordered 6.5 million items, which was 191 percent more than last year.

Popular items included electronics, diapers and women’s fashion items.

In Thailand, Lazada hosted a massive televised gala with celebrities counting down until the shopping deals began at midnight. The program aired online and on one of Thailand’s most popular television channels.

In Singapore, Lazada partnered with Expedia to sponsor a trip to NASA facilities in Florida in an effort to promote the sales.

“Our key success metric is how engaged everyone has been during the day,” Aimone Ripa di Meana, Lazada’s chief marketplace officer and co-founder, told CNBC.

“Campaigns happen throughout the year, but this is really the one we have invested the most in and we’re creating an engagement and a buzz that is absolutely unique,” he added, addressing the saturation of other promotional days like Oct. 10, Dec. 12, Black Friday and Cyber Monday.

Lazada worked with many of its existing partners, including P&G, Unilever, L’Oreal and Samsung leading up to the event. But the company also sees the event as an opportunity for newcomers, too.

For one, MLAB Holdings, which distributes Sweden-designed Happy Socks into Southeast Asia, ordered 20 to 30 percent more stock in anticipation of Singles Day, according to Mack Chua the company’s managing director. Chua, who ran a “buy one, get one free” promotion during the event, said he had only been selling on Lazada for several months.

Following the event, he told CNBC that he sold fives times the amount of socks than the previous Saturday — but the overall sales actually came in less than what he’d expected. “Sales were okay, but we will consolidate our products for Cyber Monday and Black Friday,” he said.

Singles Day wasn’t only limited to Lazada’s ecosystem — other e-commerce ventures seized the opportunity.

One such business was Covetella, a dress rental start-up based in Singapore, which ran an email campaign proclaiming “Happy Singles Day!”

“We knew people would be on the lookout for deals,” said Carol Chen, founder and CEO of Covetella. “Our business is heavily event-oriented so we also wanted to give women an excuse to dress up and treat themselves just because.”

Chen said the click-through rate on the company’s email promotion was higher than normal.

Part of our mission behind Covetella is to help people celebrate life, so I like the idea of Singles Day as a another occasion and excuse to dress up and enjoy yourself,” she added.

Source: cnbc china
Singles Day is not just for China anymore

Comments are closed.