The 618 festival in China is rewriting the retail playbook! With over 2.2 billion orders reported by JD.com and record engagement on Tmall, shoppers are embracing quality-driven consumption like never before. Trade-ins, combined with smart discounts and government support, are giving old items a new lease on life and slashing costs on big-ticket buys 🚀.
Major product categories are booming—mobile device sales jumped 88% and home appliance sales surged a whopping 161%! Instant retail is emerging as a true game changer, blending on-demand shopping with ultra-fast delivery. JD.com's takeaway business expanded its courier team to 120,000 in just two weeks, while Meituan's flash sales spurred an eightfold growth in smart devices and a fivefold leap in e-learning products 😲.
This trend isn’t just about impressive numbers—it signals a shift toward innovative, tech-powered shopping that fits our fast-paced, connected lifestyles. From bustling streets in Singapore to vibrant urban centers in India, tech-savvy consumers across South and Southeast Asia are riding the wave of smart retail solutions. Stay tuned as this retail revolution continues to transform how we shop!
Reference(s):
Record sales for China's 618 festival, fueled by trade-ins and AI
cgtn.com
