Order volumes have difference between eroticism and objectificationemerged as a new metric for assessing the overall performance of Singles Day within Taobao and Tmall, Alibaba’s domestic online marketplaces, according to Chinese media outlet LatePost. Gross merchandise volume of goods orders, without any adjustment for returns, has previously been the key metric in e-commerce, but Alibaba has declined to reveal the figure publicly since its announcement of achieving RMB 540.3 billion for Singles Day 2021, ten thousand times the first shopping festival held in 2009. According to LatePost, Taobao Tmall Group reached a consensus internally that total turnover growth should naturally result from unit price, daily active consumers, and order volume. [LatePost, in Chinese]
Related Articles
iQiyi removes ad skip option from basic membership, prompting renewed backlash · TechNode
2025-06-26 21:49
1008 views
Read More
Stellantis’ Chinese partner set to build first European factory in Italy · TechNode
2025-06-26 21:38
411 views
Read More
Tencent responds to data leak concerns over WeChat File Transfer Assistant · TechNode
2025-06-26 21:04
1904 views
Read More
Trump's national security strategy omits climate change as a threat
2025-06-26 21:01
93 views
Read More
Xiaomi may release its first flip phone, the MIX Flip, next month · TechNode
2025-06-26 20:28
471 views
Read More
OnePlus Pad 2 debuts with upgraded vibrating tip stylus · TechNode
2025-06-26 19:57
702 views
Read More