The scale of China's online retail is expanding every year. In tandem with this growth, there is huge demand for imported products.
As the largest third-party retail platform in China, Tmall GMV in fiscal year 2019 reached $368 billion dollars, boasting a year-on-year growth rate higher than the overall Chinese retail market and the average growth rate of the industry. Tmall cooperates with over 150,000 brands and has become China's most important e-commerce channel and a major force for digital transformation.
Tmall's double 11 online shopping festival (China's version of Black Friday that happens on November 11th every year) is now the largest event of its kind in the world grossing 30 billion USD in just 24 hours. Double 11 is now a crucial part of a company’s annual growth strategy.
During the webinar, Ms Katniss will firstly introduce China's e-commerce sector, the development of the Tmall platform and then offer guidance and suggestions on an optimal Tmall operational strategy.