11.11 Sales: Alibaba’s Singles Day strikes a muted tone as China’s economy slows and a tech crackdown continues

But the tone at this year’s bonanza is a lot more cautious than it has been in prior years, as companies contend with rising inflation in a slowing economy and a regulatory crackdown on their operations.
Alibaba (BABA) launched the first Singles Day Shopping Festival on November 11, 2009. The event, which is also known as Double 11, is pegged to China’s informal, anti-Valentine’s Day holiday that celebrates people who aren’t in relationships. The date — 11.11 — was chosen because it is written as four ones, or singles.

Since that first occurrence, Singles Day has ballooned into a shopping frenzy observed not just by Alibaba, but also by other e-commerce companies that offer their own steep discounts and promotions. Deals take place over several days or even weeks. It has also spread outside of China, with Alibaba’s Southeast Asia subsidiary Lazada offering deals in Singapore, Malaysia, Indonesia, Thailand and Vietnam.

It’s an incredibly lucrative event: Last year, Alibaba raked in roughly $75 billion in total sales. Rival JD.com (JD) said at the time that it reached $41 billion in sales.

An inflation headache

Alibaba and JD.com may still reach new sales records this year. Analysts at Citi recently forecast Alibaba’s total gross merchandise volume (GMV) to reach as much as 578 billion yuan ($90 billion) through the first 11 days of November, a 15% increase compared to last year.

But that rate of growth would be a lot slower than in years last. Last year, Alibaba posted a 26% jump by that metric compared to a year earlier. The Citi analysts also expect JD.com’s GMV growth for the shopping period to slow to 22% to 26%, compared with last year’s 33%.

While the Citi analysts wrote in a recent report that promotional campaigns have “kicked off with strong consumer demand,” they added that they are “cautious” that overall sentiment could be hurt by a “weaken[ing] underlying economy.”

China’s economy is growing at the slowest pace in a year as energy woes, shipping disruptions and a deepening property crisis take their toll on the world’s second largest economy.
Inflation, meanwhile, has risen, which threatens to erode profit margins and the purchasing power held by consumers.

The cost of goods leaving China’s factories surged by another record rate last month — China’s Producer Price Index jumped 13.5% in October from a year ago — and there are now signs that the higher costs are trickling down. China’s Consumer Price Index rose 1.5% in October from a year ago, double the rate of the previous month and the fastest pace of increase since September 2020.

“On the one hand, the soaring input costs have significantly squeezed the profit margin for downstream manufacturers, which in turn limits the space to offer a large discount this year,” said Alicia Garcia Herrero, chief economist for Asia Pacific at Natixis, a French investment bank. “On the other, domestic consumption is not yet back to pre-pandemic level[s] and even online retail sales, which remained relatively resilient in 2020, have decelerated.”

Crackdown woes

This year’s shopping event is also being held under the shadow of a sweeping government crackdown over private business.

E-commerce firms have not escaped that scrutiny, and in many ways have been at the center of it. Alibaba was hit earlier this year with a record $2.8 billion fine for behaving like a monopoly, and the company has shed hundreds of billions of dollars in market value as Beijing’s reforms take shape.

JD.com, Tencent, Pinduoduo, Meituan and other companies have also been investigated or fined over alleged anti-competitive behavior.

A lot of companies have also rushed to donate billions of dollars from their own profits to government-based social causes, as President Xi Jinping makes clear his priority to redistribute wealth and achieve “common prosperity.”
Alibaba has pledged to donate 100 billion yuan ($15.6 billion) by 2025 in support of Beijing’s “common prosperity” campaign. Pinduoduo said in August it would give its entire profit for the June quarter to rural development projects in China, and expected to donate a total of 10 billion yuan ($1.5 billion) toward such causes. JD.com unveiled a plan late last year to “revitalize rural China” using money and its logistics infrastructure.
Singles Day has entered Beijing’s sights. On Saturday, the State Administration of Market Regulation — the country’s anti-trust regulator banned e-commerce platforms from participating in unfair practices during the holiday shopping period, such as “raising prices of items before putting them on sale.”
China's 'unprecedented' crackdown stunned private enterprise. One year on, it may have to cut business some slack
Last week, the Ministry of Industry and Information Technology, which overseas the internet industry, summoned Alibaba, JD.com, Pinduoduo and Meituan and warned them against spamming consumers with marketing messages during Singles Day.

“The big internet platforms appear to be more cautious in marketing and promotions this year to refrain from breaching the antitrust regulations,” said García Herrero from Natixis.

Supporting Beijing

Companies are also rushing to support government initiatives intended to boost social equality or to reduce carbon emissions — both among Xi’s top policy goals. Climate has been a particular focus, with China this week even pledging to ramp up its climate ambitions in an agreement with the United States. (China, though, is still the world’s biggest coal consumer and earlier did not sign on to a statement at COP26 committing to phasing out the use of coal.)

Alibaba said they would shift focus from pure sales figures usually each year’s headline — to sustainability and inclusiveness.

“This year’s Festival marks a new chapter for 11.11,” said Chris Tung, chief marketing officer of Alibaba Group, in a statement.We believe we must leverage the power of 11.11 to encourage sustainable development and promote inclusiveness to consumers, merchants, and partners across our ecosystem.”

Xi says China is ready to work with US as Biden meeting planned for next week, source says

The company said it will showcase energy-efficient products on its services and give out 100 million yuan ($15.6 million) worth of “green” vouchers meant to encourage people to buy more sustainable products. It also wants to reduce the event’s carbon footprint by recycling the packaging it uses.

The company also said it wants to support “vulnerable populations,” and its Taobao app has introduced a “senior mode” option. The new feature is designed to be more accessible for the elderly with an updated interface and voice-assisted technology.

JD.com also announced this year’s Singles Day will be “the largest one where renewable energy is used, and one where [JD.com] will push for a reduced carbon footprint.”

Car sales plunge as chip shortages choke off supply

General Motors reported sales fell a third from a year-ago last quarter, and they were off 40% from the same quarter of 2019 before the pandemic roiled the car market. Sales at Stellantis, the company formed by the merger of Fiat Chrysler and France’s PSA Group, fell 19% from a year ago, and 27% from the pre-pandemic period.

At Toyota Motor, which includes Toyota and Lexus, third quarter sales edged up 1.4% compared to a year ago. But that three-month total includes a 22% plunge in September sales. (The company breaks out monthly sales numbers, unlike GM and Stellantis.) While Toyota has reported fewer supply chain disruptions than other major automakers it, too, has had to cut back production at some factories more recently.

So all the automakers pointed to semiconductor supply chain disruptions and historically low inventories as a problem for sales.

“While the various supply chain issues facing our industry continue to impact available inventory, we know the demand for our vehicles is still there,” said Jeff Kommor, US head of sales for Stellantis.

The shortage of vehicles has also led to record-high prices for both new and used cars for much of this year, which has also been a drag on sales, as some buyers have been priced out of the new car market.
The auto industry has been dealing with a shortage of computer chips needed to build cars for more than a year. GM (GM) said it expects the situation will improve in the final three months of 2021, but earlier this year automakers had hoped things would have improved by this point. Instead, GM has been forced to temporarily shut production of most of its North American plants.

“The semiconductor supply disruptions that impacted our third-quarter wholesale and customer deliveries are improving,” said the nation’s largest automaker in a statement. “As we look to the fourth quarter, a steady flow of vehicles held at plants will continue to be released to dealers, we are restarting production at key crossover and car plants, and we look forward to a more stable operating environment through the fall.”

The computer chip shortage started when auto sales plunged in the early weeks of the pandemic, due to record job losses and the temporary closure of many factories and dealerships. Most automakers, expecting a prolonged downturn in sales, trimmed orders for computer chips and other parts. When sales rebounded much faster than anyone expected, the supply of chips had already gone to other customers.
While the automakers expected to be able to increase their supply of chips by the middle of this year, they were hit by outbreaks of Covid cases in other regions, such as Southeast Asia, where many of the chip plants were shut. And other supply chain issues, including an imbalance of shipping containers and congestion at the nation’s ports, a shortage of truck drivers and general labor shortages, started limiting supplies of other needed parts and raw materials.

Other automakers are due to report results later Friday or on Monday.

Global Automatic Door Locks Market 2020 Sales Channels, Technology and Production Analysis, Business Growth by 2025

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Jan 30, 2021 (CDN Newswire via Comtex) —
Global Automatic Door Locks Market 2020 by Manufacturers, Type and Application, Forecast to 2025 offers end to end industry from the definition, product specifications, and demand till forecast prospects. The report studies the industry coverage, current market status, and market outlook and forecast by 2025. This is an all-inclusive document that comprises crucial information about top players, market trends, pricing analysis, and an overview of the market. The report states industry developmental factors, historical performance from 2015-2025. The segmental market view by types of products, applications, end-users, and top vendors is given. Then it covers market size estimation, share, growth rate, global position, and regional analysis of the market. The report also covers forecast estimations for investments in the global Automatic Door Locks industry from 2020 to 2025.

Competitive Rivalry:

The section on company profiles studies the various companies operating in the global Automatic Door Locks market. It evaluates the financial outlooks of these companies, their research and development statuses, and their expansion strategies for the coming years. This study emphasizes thorough competition analysis on market prospects, especially growth strategies that market experts claim. It examines the global market size (volume & value) from the company, essential regions/countries, products and applications, background information. Additional details that are represented in the report include the cost structures, manufacturing process methodology, import and export consumption, supply and demand patterns, gross margins, recent developments made in the business, revenue analysis, and gross margins.

DOWNLOAD FREE SAMPLE REPORT:https://www.marketsandresearch.biz/sample-request/74572

NOTE: Our report highlights the major issues and hazards that companies might come across due to the unprecedented outbreak of COVID-19.

Market competition by top manufacturers as follows: Assa Abloy, Adel, Kwikset (Spectrum Brands), Samsung, Guangdong Be-Tech, Allegion, Honeywell, Master Lock (Fortune Brands), MIWA Lock, August, Guangdong Level Intelligent Lock, Jiangmen Keyu Intelligence, Probuck, Tenon, Locstar

Based on product types, this report focuses on the status and outlook for product types, consumption (sales), market share, and growth rate for types, including: Electronic Cipher Locks, Fingerprint Locks, Remote Locks, Other

Based on application, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share, and growth rate for each application, including: Household, Commercial, Other

Global Automatic Door Locks market segment by regions, regional analysis covers: North America (United States, Canada and Mexico), Europe (Germany, France, United Kingdom, Russia and Italy), Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia), South America (Brazil, Argentina), Middle East & Africa (Saudi Arabia, UAE, Egypt and South Africa)

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  • Complete documentation of historical, current events as well as future predictions concerning market value and volume

  • A thorough, in-depth analytical review of the global Automatic Door Locks market

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The regional study of the global Automatic Door Locks market included in the report helps readers to gain an understanding of the development of different geographical markets in recent years and also going forth. The report underlines a roadmap of growth opportunities available in the global market with the identification of key factors. Various trends of the global market are covered to help identify market developments in this market.

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Business Bags Market 2021 Share, Size, Production, Sales, Supply, Demand, Analysis and Forecast to 2026

The MarketWatch News Department was not involved in the creation of this content.

Jan 25, 2021 (The Expresswire) —
Global “Business Bags Market” research report contains in depth information of industry by size, major manufacturers, growth rate, drivers and challenges, industry trends, and their impact on the market till the forecast year 2026. Business Bags Market report evaluates key factors that affected market growth and with the help of previous figures, this report elaborates current scenario and forecast of Business Bags industry.

Market Analysis:

The global Business Bags market report is a comprehensive research that focuses on the overall consumption structure, development trends, sales models and sales of top countries in the global Business Bags industry. The report focuses on well-known providers in the global Business Bags market segments by applications, revenue and market share by types.

A holistic study of the market is made by considering a variety of factors, from demographics conditions and business cycles in a particular country to market-specific microeconomic impacts. The study found the shift in market paradigms in terms of regional competitive advantage and the competitive landscape of major players.

Detailed profiles of the Business Bags Top major players in the industry, including.

● Samsonite International S.A. ● Tapestry ● Dongguan Knox (Huiwen) handbags Limited ● VF Corporation ● Gucci ● COACH ● PT. Seongjin Bag Indonesia ● Hermes ● Orient Handbag Manufacture Co., Ltd ● LVMH ● Prada ● Kering SA ● Burberry ● Unicon India ● GENDHIS BAG

This report elaborates the Manufacturing Cost Structure Analysis, Production Process Analysis, and market growth factor of the Business Bags industry, and breaks down according to the type, application, and consumption area of Business Bags.

For More Information or Query or Customization Before Buying, Visit at http://www.industryresearch.co/enquiry/pre-order-enquiry/15216706

The report provides a detailed evaluation of the market by highlighting information on different aspects which include SWOT and Porter’s Five Forces Analysis, Potential Market and Growth Potential Analysis. This information can help stakeholders to make appropriate decisions before investing.

On the basis of types, the Business Bags market from 2015 to 2026 is primarily split into:

● Genuine Leather Bags ● PU Leather Bags ● Canvas Bags ● Nylon Bags

On the basis of applications, the Business Bags market from 2015 to 2026 covers:

● Man ● Woman

Scope of the Business Bags Market:

This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

Some of the Key Questions Answered in this Report:

● Detailed Overview of Business Bags market size will help deliver clients and businesses making strategies. ● Influencing factors that thriving demand and latest trend running in the market. ● Business Bags Market forecast for both the market as entire and split into segments, like region, product, applications, end-use, technology, etc. ● What trends, challenges and barriers will impact the development and sizing of the global market report? ● SWOT Analysis of each defined key players along with its profile and Porter’s five forces tool mechanism to compliment the same. ● What is the Business Bags market growth momentum or acceleration market carries during the forecast period?

Geographical Regions covered in Business Bags market report are North America, Europe, Asia-Pacific, South America, Middle East, Southeast Asia, and Africa. Further, divided into countries as United States, Canada Mexico, Germany, France, UK, Russia, Italy, China, Japan, Korea, India, Brazil, Argentina, Colombia, Saudi Arabia, UAE, Egypt, Nigeria, South Africa, and Others.

Years Considered for this Report:

Historical Years: 2015-2019

Base Year: 2019

Estimated Year: 2020

Forecast Period: 2021-2026

Business Bags Market Dynamics:

● The report analyses the Market Drivers, Limitations, Opportunities of Business Bags Industry. ● The report gives insights of Industrial Chain, Major Key Players, Market Share and Upstream raw materials suppliers Involved in Business Bags Industry based on Industrial Chain Analysis, Production Process Analysis, Labour Cost, Raw Material Cost and Manufacturing Cost Structure of Business Bags. ● Source of Raw Materials for Major Manufacturers present in Business Bags Industry and Downstream Buyers.

Purchase this Report (Price 3400 USD for a Single-User License) – http://www.industryresearch.co/purchase/15216706

Business Bags Market TOC Covers the Following Points:

1 Report Overview

1.1 Study Scope

1.2 Key Market Segments

1.3 Regulatory Scenario by Region/Country

1.4 Market Investment Scenario Strategic

1.5 Market Analysis by Type

1.5.1 Global Business Bags Market Share by Type (2020-2026)

1.6 Market by Application

1.6.1 Global Business Bags Market Share by Application (2020-2026)

2. Global Market Growth Trends

2.1 Industry Trends

2.1.1 SWOT Analysis

2.1.2 Porter’s Five Forces Analysis

2.2 Potential Market and Growth Potential Analysis

2.3 Industry News and Policies by Regions

2.3.1 Industry News

2.3.2 Industry Policies

3 Value Chain of Business Bags Market

3.1 Value Chain Status

3.2 Business Bags Manufacturing Cost Structure Analysis

3.2.1 Production Process Analysis

3.2.2 Manufacturing Cost Structure of Business Bags

3.2.3 Labor Cost of Business Bags

3.3 Sales and Marketing Model Analysis

3.4 Downstream Major Customer Analysis (by Region)

4 Players Profiles

5 Global Business Bags Market Analysis by Regions

5.1 Global Business Bags Sales, Revenue and Market Share by Regions

5.1.1 Global Business Bags Sales by Regions (2015-2020)

5.1.2 Global Business Bags Revenue by Regions (2015-2020)

5.2 North America Business Bags Sales and Growth Rate (2015-2020)

5.3 Europe Business Bags Sales and Growth Rate (2015-2020)

5.4 Asia-Pacific Business Bags Sales and Growth Rate (2015-2020)

5.5 Middle East and Africa Business Bags Sales and Growth Rate (2015-2020)

5.6 South America Business Bags Sales and Growth Rate (2015-2020)

6 North America Business Bags Market Analysis by Countries

6.1 North America Business Bags Sales, Revenue and Market Share by Countries

6.1.1 North America Business Bags Sales by Countries (2015-2020)

6.1.2 North America Business Bags Revenue by Countries (2015-2020)

6.2 United States Business Bags Sales and Growth Rate (2015-2020)

6.3 Canada Business Bags Sales and Growth Rate (2015-2020)

6.4 Mexico Business Bags Sales and Growth Rate (2015-2020)

7 Europe Business Bags Market Analysis by Countries

7.1 Europe Business Bags Sales, Revenue and Market Share by Countries

7.1.1 Europe Business Bags Sales by Countries (2015-2020)

7.1.2 Europe Business Bags Revenue by Countries (2015-2020)

7.2 Germany Business Bags Sales and Growth Rate (2015-2020)

7.3 UK Business Bags Sales and Growth Rate (2015-2020)

7.4 France Business Bags Sales and Growth Rate (2015-2020)

7.5 Italy Business Bags Sales and Growth Rate (2015-2020)

7.6 Spain Business Bags Sales and Growth Rate (2015-2020)

7.7 Russia Business Bags Sales and Growth Rate (2015-2020)

8 Asia-Pacific Business Bags Market Analysis by Countries

8.1 Asia-Pacific Business Bags Sales, Revenue and Market Share by Countries

8.1.1 Asia-Pacific Business Bags Sales by Countries (2015-2020)

8.1.2 Asia-Pacific Business Bags Revenue by Countries (2015-2020)

8.2 China Business Bags Sales and Growth Rate (2015-2020)

8.3 Japan Business Bags Sales and Growth Rate (2015-2020)

8.4 South Korea Business Bags Sales and Growth Rate (2015-2020)

8.5 Australia Business Bags Sales and Growth Rate (2015-2020)

8.6 India Business Bags Sales and Growth Rate (2015-2020)

8.7 Southeast Asia Business Bags Sales and Growth Rate (2015-2020)

9 Middle East and Africa Business Bags Market Analysis by Countries

9.1 Middle East and Africa Business Bags Sales, Revenue and Market Share by Countries

9.1.1 Middle East and Africa Business Bags Sales by Countries (2015-2020)

9.1.2 Middle East and Africa Business Bags Revenue by Countries (2015-2020)

9.2 Saudi Arabia Business Bags Sales and Growth Rate (2015-2020)

9.3 UAE Business Bags Sales and Growth Rate (2015-2020)

9.4 Egypt Business Bags Sales and Growth Rate (2015-2020)

9.5 Nigeria Business Bags Sales and Growth Rate (2015-2020)

9.6 South Africa Business Bags Sales and Growth Rate (2015-2020)

10 South America Business Bags Market Analysis by Countries

10.1 South America Business Bags Sales, Revenue and Market Share by Countries

10.1.1 South America Business Bags Sales by Countries (2015-2020)

10.1.2 South America Business Bags Revenue by Countries (2015-2020)

10.2 Brazil Business Bags Sales and Growth Rate (2015-2020)

10.3 Argentina Business Bags Sales and Growth Rate (2015-2020)

10.4 Columbia Business Bags Sales and Growth Rate (2015-2020)

10.5 Chile Business Bags Sales and Growth Rate (2015-2020)

11 Global Business Bags Market Segment by Types

11.1 Global Business Bags Sales, Revenue and Market Share by Types (2015-2020)

11.1.1 Global Business Bags Sales and Market Share by Types (2015-2020)

11.1.2 Global Business Bags Revenue and Market Share by Types (2015-2020)

11.2 Single End Business Bags Sales and Price (2015-2020)

11.3 Double End Business Bags Sales and Price (2015-2020)

12 Global Business Bags Market Segment by Applications

12.1 Global Business Bags Sales, Revenue and Market Share by Applications (2015-2020)

12.1.1 Global Business Bags Sales and Market Share by Applications (2015-2020)

12.1.2 Global Business Bags Revenue and Market Share by Applications (2015-2020)

13 Business Bags Market Forecast by Regions (2020-2026)

13.1 Global Business Bags Sales, Revenue and Growth Rate (2020-2026)

13.2 Business Bags Market Forecast by Regions (2020-2026)

13.2.1 North America Business Bags Market Forecast (2020-2026)

13.2.2 Europe Business Bags Market Forecast (2020-2026)

13.2.3 Asia-Pacific Business Bags Market Forecast (2020-2026)

13.2.4 Middle East and Africa Business Bags Market Forecast (2020-2026)

13.2.5 South America Business Bags Market Forecast (2020-2026)

13.3 Business Bags Market Forecast by Types (2020-2026)

13.4 Business Bags Market Forecast by Applications (2020-2026)

14 Appendix

14.1 Methodology

14.2 Research Data Source

Continued…

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