The president of Alibaba said that "Shuangxi is not solely dependent on which market activities", Alibaba will cooperate with more than 200 countries and regions, which areas are not expected to have a significant impact. Ali predicts that demand for high-priced goods such as TV cars will be weaker and cosmetics and food will remain strong.
In an atmosphere of escalating global trade frictions, Alibaba still expects strong growth in sales of U.S. goods at Ali Platform during the "Double Eleventh" this year.
Michael Evans, president of Alibaba, told Bloomberg on Friday 9 that he was not too worried about the trade situation.
Evans said that more than 10,000 American brands have launched the Alibaba platform. Consumers like American products and brands. Ali expects demand for some high-priced items to be weaker, such as washing machines, televisions and cars, but others will remain strong, such as cosmetics, food, fashion and clothing. Over the next five years, 300 million people in China will enter the middle class, and Ali will focus on these people.
Before that, Zhang Yong, CEO of Alibaba, the father of Double Eleven, had predicted that more than 1 billion packages would be packed on Double Eleven this year when the 2018 Cat Double Eleven Global Carnival was launched in October. Zhang Yong said, "Double Eleventh" today is not just a website festival, but a commercial Olympics. This year's Double Eleventh is a phased demonstration of Alibaba's new retail offerings over the past two years.
Earlier this Friday, Beijing time, Wall Street reported that the South China Morning Post quoted Alibaba as saying that the pre-purchase situation of Shuangxi was hot this year. About 33 major international brands have already exceeded 100 million yuan in the pre-purchase amount of Tianmao.
According to the pre-order report, other popular categories include Burberry's limited edition wool scarf, which was sold out on Thursday, and luxury hotel accommodation packages (Marriott, Hilton, Hyatt and Intercontinental). Orders for cosmetics brands such as Lancome, Estee Lauder, SK-II, L'Oreal and Shiseido all reached 100 million yuan.
Orders for electronic devices, including Dyson, Apple, Huawei and Millet, increased six times over the same period last year. In addition, consumers ordered 7,000 Buicks on Alibaba, and 1,000 of them came from rural Taobao service centers.
Shortly thereafter, the General Administration of Customs released data on Friday morning that China's import and export growth in October was much faster than expected. In dollar terms, China's exports grew 15.6% year-on-year in October, higher than expected 11.7% and pre-value 14.5%. Imports grew 21.4% year-on-year in October, much faster than expected 14.5% and pre-value 14.3%.
According to the country, in October, China's imports and exports to the main markets of the European Union, the United States, ASEAN and Japan increased, and the growth rate of imports and exports along the "one belt and one way" countries was higher than the whole.
Analysts believe that the growth rate of import and export is affected by the forward movement of import and export trade, the depreciation of exchange rate, the one-day fewer working days last year than this year, and the low data base caused by environmental restrictions on production. Uncertainty in the global economic recovery has a negative impact on China's exports, and some enterprises are still rushing to export before tariff increases early next year. However, domestic policy has shifted to expanding domestic demand, which makes the future import growth rate lower than expected.