"Double 11 Shopping Festival" E-commerce platforms sales report by Syntun: total sales of 332.8 billion yuan on the 11th of November

The annual "Double 11" Online Shopping Festival kicked off as expected. Syntun is a professional provider of big data products, services and solutions in the consumer sector. According to the monitoring data of "2020 Double 11 Total Sales of E-commerce Platforms" released by Syntun, on the day of "Double 11", in terms of the sales of main e-commerce platforms, it was 175 billion Yuan from 0:00 to 6:00, 222 billion Yuan from 0:00 to 10:00, 273.2 billion Yuan from 0:00 to 14:00, and 309.3 billion Yuan from 0:00 to 19:00.

The year 2020 is special due to COVID-19, the persistent enthusiasm for consumption has dissipated the gloom and recession brought on by COVID-19 in China. Various sales measures have been launched by platform merchants. Not only has the front line of promotion been lengthened, but also many new promotion methods have been added. Furthermore, new retail and livestreaming have become the biggest highlights of "Double 11" this year.

Syntun shows that the total sales of main e-commerce platforms during the whole day of "Double 11" in 2020 reached 332.8 billion Yuan, and a total of 1.325 billion express parcels were generated.

Syntun revealed that Tmall ranks first with 59% of sales. At the same time, JD.com ranked second with 26% of "Double 11" Online Shopping Festival this year. Pinduoduo followed with 6% of sales share, ranking third.