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JD's Double 11 Sales in HK/ MO Spike 3x+ YoY as of Last Night
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JD-SW (09618.HK)(JD.US) launched 2024’s Double 11 Shopping Festival at 8pm last night (14th). Ken Yeung, the group's head of business in Hong Kong, Macau and Taiwan, said that the Double 11 sales in Hong Kong and Macau as of last night marked over 3x spike compared to the same period last year, and that the 3Q24 also logged sharp growth compared to 2Q24. The average order price of Hong Kong users was way above the RMB299 door-to-door delivery threshold. Currently, Hong Kong sells 10 million SKUs of goods in all categories, covering electronic products, home appliances, household products, clothing and beauty products, and pet supplies, he highlighted. Popular brands include MIDEA GROUP (00300.HK), Apple (AAPL.US), XIAOMI-W (01810.HK), LENOVO GROUP (00992.HK) and HUAWEI. Down the road, merchants such as JHC, TCL and SKYWORTH GROUP (00751.HK) will be introduced to jointly develop online and offline retail businesses in Hong Kong. Among which, the Hong Kong, Macau and Taiwan flagship stores of JHC and TCL will open on November 11. AAStocks Financial News |
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