11.11 Global Shopping Festival is just over. Do you want to know what Singaporeans bought during the 1 day shopping spree?
Alibaba announced a record-breaking US$25.3 billion (RMB168.2 billion or SGD $34.3 billion*) of gross merchandise volume (GMV) settled through Alipay on 11th November 2017. Here are some stats. According to the official information, Singapore consumers recorded a 63% year-on-year increase in spending on Tmall and Taobao Marketplace. This is actually not surprising. What is surprising is that the first order from Singapore is a coffee table!
Singapore brands on Tmall also saw a 240% year-on-year growth in GMV on their products. Check out the lists below.
Top-Selling Product Categories Among Singapore Consumers on Tmall and Taobao Marketplace
- Mobile phones
- Robot vacuum cleaners
- Mobile phone accessories
Top 10 Brands Among Chinese Consumers Buying From Singapore
- US Clinicals
- Tiger Balm
- Nature’s Farm
- New Moon
Top 10 Products Among Chinese Consumers Buying From Singapore
- Health supplements
- Maternal skincare
- Body care products
- Infant and toddler nutrition
- Casual shoes
- Face masks
- Instant drinks
- Cordyceps sinensis (herbal remedy)
Are you surprised by the results?