Order volumes have Bahamasemerged 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
2025-06-26 09:53
2135 views
Amazon requires sellers to use more efficient packaging, or pay up
What's more groan-inducing than slicing open a bulky box and wading through mounds of plastic and pa
Read More
2025-06-26 09:10
1451 views
How to watch 'Everything Everywhere All At Once'
What: Everything Everywhere All At OnceWhere to watch: Paramount+, Showtime, The Roku Channel, and P
Read More
2025-06-26 08:06
666 views
The new AirPods Pro are here and they've already delivered memes
On Monday, Apple revealed the new AirPods Pro, which cost $249, come with five hours of battery life
Read More