Just as in previous years, major Chinese e-commerce players ramped up promotions on the day of December 12 for the Double Twelve shopping festival. This event came just a month after the Double Eleven shopping spree, which hit record sales this year.
Do online shoppers still buy during these events?
E-commerce players need to get as many clicks as possible. And these shopping festivals can generate the largest consumer flow in the quickest period, according to Cui Lili, executive director of Institute of E-commerce at Shanghai University of Finance and Economics.
"E-commerce platforms are just like shopping malls in leasing their booths to retailers. And like a shopping mall, they are responsible for getting the consumer flow through these shopping festivals. That's the reason the retailers want to join their platforms in the first place," Cui said.
In addition to those two "Double" festivals, there is 618 shopping festival, Black Friday, as well as special promotions for Chinese New Year, Women's Day and Children's Day.