Stakeholders Gear Up for China's 11.11 Online Shopping Blitz
Tmall, China's largest business-to-consumer shopping website, expects 20,000 of its merchants to slash prices up to 50 percent this year, attracting tens of millions of bargain hunters. While Tmall parent company Alibaba Group is declining to estimate what the Nov. 11 festival's sales volume will total this year, company officials have suggested that the value of transactions on Tmall and Taobao Marketplace could top RMB 30 billion ($4.9 billion), up more than 60 percent from the RMB 19.1 billion sold on Nov. 11, 2012.
For merchants, handling a huge spike in customer traffic, processing transactions and delivering the goods is one of the biggest challenges of the year. To get a sense of just how big that challenge can be, Alizila conducted separate Q&A interviews with Brian Lee, chief executive of China handbag distributor Sino Supreme, and Daphne Lee, director of Taobao's International Business.