Latest news with #shoppingfestival
Yahoo
10 hours ago
- Business
- Yahoo
2025 "618" Promotion Report: GMV Reaches 855.6 billion RMB
BEIJING, June 19, 2025 /PRNewswire/ -- The 2025 "618" mid-year shopping festival commenced on May 13th, featuring a significantly extended promotion period compared to previous years, designed to boost demand and bolster consumption recovery. Major e-commerce platforms offered substantial discounts, augmented by government subsidies across a wide range of product categories. Promotional strategies were streamlined, prioritizing direct price cuts to enhance consumer purchasing incentives and shopping experience. The deep integration of government subsidies has further amplified China's sustained consumer vitality. Local governments intensified subsidy policies, expanding coverage to diverse product categories to meet evolving consumer needs, thereby supporting market upgrading while maintaining robust demand. Amid evolving consumer preferences, the e-commerce industry has entered a new phase of ecological restructuring and sustainable market development. Traditional e-commerce giants like Alibaba and have deepened collaborations with social media & e-commerce platforms such as Xiaohongshu and Bilibili, leveraging content-driven engagement to drive transaction conversions and reshape overall marketing strategies. Concurrently, China's instant retail market continues to exhibit explosive growth, fueling competition among traditional e-commerce players to expand into omnichannel ecosystems and redefine the retail landscape. As a third-party data monitor, Syntun has consistently tracked and released "618" sales data to provide an impartial and objective perspective to the public. According to Syntun, the Gross Merchandise Volume (GMV) during the "618" shopping festival (May 13th–June 18th) reached 855.6 billion RMB across major e-commerce platforms, including traditional and content e-commerce platforms, with Tmall ranking first. Meanwhile, instant retail platforms and community group-buying platforms contributed GMVs of 29.6 billion RMB and 12.6 billion RMB respectively. For more details about the "618", please click the link: (Syntun_2025_618_Sales_Data_Briefing) As a professional digital retail data service provider, Syntun has developed a variety of products in line with the needs of the retail industry, which can solve the problems encountered in the process of production, operation, marketing and management, and help brands make accurate decisions. CONTACT:FB: Syntun ChinaTW: @Syntunchina Syntun Marketing TeamTel: +86-10-5287-4212Email: info@ Related Links: View original content to download multimedia: SOURCE Syntun Ltd. 登入存取你的投資組合
Associated Press
10 hours ago
- Business
- Associated Press
2025 "618" Promotion Report: GMV Reaches 855.6 billion RMB
BEIJING, June 19, 2025 /PRNewswire/ -- The 2025 '618" mid-year shopping festival commenced on May 13th, featuring a significantly extended promotion period compared to previous years, designed to boost demand and bolster consumption recovery. Major e-commerce platforms offered substantial discounts, augmented by government subsidies across a wide range of product categories. Promotional strategies were streamlined, prioritizing direct price cuts to enhance consumer purchasing incentives and shopping experience. The deep integration of government subsidies has further amplified China's sustained consumer vitality. Local governments intensified subsidy policies, expanding coverage to diverse product categories to meet evolving consumer needs, thereby supporting market upgrading while maintaining robust demand. Amid evolving consumer preferences, the e-commerce industry has entered a new phase of ecological restructuring and sustainable market development. Traditional e-commerce giants like Alibaba and have deepened collaborations with social media & e-commerce platforms such as Xiaohongshu and Bilibili, leveraging content-driven engagement to drive transaction conversions and reshape overall marketing strategies. Concurrently, China's instant retail market continues to exhibit explosive growth, fueling competition among traditional e-commerce players to expand into omnichannel ecosystems and redefine the retail landscape. As a third-party data monitor, Syntun has consistently tracked and released '618" sales data to provide an impartial and objective perspective to the public. According to Syntun, the Gross Merchandise Volume (GMV) during the '618" shopping festival (May 13th–June 18th) reached 855.6 billion RMB across major e-commerce platforms, including traditional and content e-commerce platforms, with Tmall ranking first. Meanwhile, instant retail platforms and community group-buying platforms contributed GMVs of 29.6 billion RMB and 12.6 billion RMB respectively. For more details about the '618", please click the link: ( Syntun_2025_618_Sales_Data_Briefing ) As a professional digital retail data service provider, Syntun has developed a variety of products in line with the needs of the retail industry, which can solve the problems encountered in the process of production, operation, marketing and management, and help brands make accurate decisions. CONTACT: FB: Syntun China TW: @Syntunchina Syntun Marketing Team Tel: +86-10-5287-4212 Email: [email protected] Related Links: View original content to download multimedia: SOURCE Syntun Ltd.
Gulf Business
11 hours ago
- Entertainment
- Gulf Business
Dubai Summer Surprises 2025 to start soon: 11 unmissable experiences
Image: DSS/ DFRE Dubai Summer Surprises (DSS) is back for its 28th edition, running from June 27 to August 31. Organised by Dubai Festivals and Retail Establishment (DFRE), this year's From exclusive retail promotions and world-class concerts to raffles, hotel deals, and pop-up food experiences, here's everything you need to know to make the most of The festival is sponsored by Commercial Bank of Dubai with major partners including Al Futtaim Malls, Majid Al Futtaim, Emirates Airline, ENOC, talabat and many more. 1. Three curated shopping seasons Summer holiday offers (June 27–July 17): Early-season deals, family-friendly offers, and first-round raffles. Great Dubai Summer Sale (July 18 – August 10): The biggest citywide bargains—over 800 brands, 3,000+ retailers. Back to School (August 11–31 ): Essential term-time savings + giveaways and scholarship chances. 2. Dubai Summer Surprises: Opening weekend extravaganza June 27–29: Family-focused activities and free concerts at major venues. Dubai Festival City Mall: Regional acts (Abri & Band, Sabrina, Reina Khoury, Noel Kharman) City Centre Mirdif: Live music by Jadal and Al Shami, plus roaming entertainment Headline shows: Miami Band and Mutref Al Mutref, Tribute to Adele, Adnan Sami, and more. 3. Mall Raffles and big wins Immediate chances to win big: Polestar 4 car, SUVs, electronics, jewellery, and Skyward Miles through retailer loyalty programmes (Mercato, Majid Al Futtaim, Festival Plaza, Dubai Outlet Mall). 4. Dubai Summer Restaurant Week (July 4–13) Enjoy set-menu dining across 50+ family and international restaurants at exclusive value. Reserve via OpenTable. 5. DSS Gahwa Beats Weekend café pop-ups on July 26, and August 2, 9, 16, 23: enjoy live music, coffee culture, and vibrant vibes at city hotspots. Locations TBC soon. 6. 10 Dirham Dish (August 1–31 ) Discover affordable eats across Dubai — restaurants offer a special dish for just Dhs10. 7. Headline concert series and live shows Beat The Heat DXB (July 4–13): Arabic pop, indie, hip-hop acts Individual concerts: Adonis (July 3), TJ Monterde (July 13), Shreya Ghoshal (July 19), Sufi maestro Sagar Bhatia (August 16), Natalie Imbruglia (August 23), Made in Kuwaiti theatre (August 29–30) 8. Shop and save citywide Nine weeks of retail excitement: themed flash sales, 'Cool Off at The Beach, JBR', 'Win Your School Fees', loyalty promos: Amber Millionaire, AURA draw, Win 1 Million Skywards Miles, and more. 9. Staycations and family fun Exclusive deals at 100+ hotels and 15 attractions, plus the DSS Entertainer BOGO offer (Dhs 195) unlocking 7,500+ discounts—covering theme parks, dining, gyms, spas. 10. Fitness events Get moving at mall-based runs: Courtyard run at Dubai Hills Mall (June 28, in partnership with Skechers) RX Run series at City Centre Mirdif (July 6) & Mall of Emirates (August 3) Fun runs at Ibn Battuta Mall (July 13) and Festival City Mall (August 31) Messi Experience at Festival City Mall until August 31— interactive football fun for all ages. 11. Modesh and Dana mascot moments Keep an eye out for Dubai's most-loved mascots making surprise appearances at malls, schools, attractions, and interactive pop-ups. Enjoy themed décor, meet-ups, and new merchandise across the city.
South China Morning Post
06-06-2025
- Business
- South China Morning Post
Local governments halt some subsidies on purchases ahead of China's 618 shopping festival
With e-commerce platforms gearing up for one of China's biggest shopping festivals of the year, some local governments have suddenly paused subsidies offered for certain goods through a national trade-in programme, upending expectations that the offerings would continue all year. As of Thursday, consumers in Guangzhou, the capital of the southern provincial powerhouse of Guangdong, found that they could no longer claim vouchers for home-remodelling products such as doors, ceramic tiles and sofas, which previously offered subsidies of up to 20,000 yuan (US$2,785) per person. The city has also halted subsidies for home appliances and electronics. Jiangsu province halted online shopping vouchers on Sunday but has continued to issue limited daily vouchers for offline purchases, while Hubei province and other cities in Guangdong, including Shenzhen, Dongguan and Zhongshan, have stopped subsidies for smart home appliances, according to an announcement on e-commerce platform one of the channels where consumers could apply for the subsidy. This is the second year of China's trade-in programme, which aims to boost consumption and ease overcapacity across sectors. Having been expanded from product replacements, the programme now uses hundreds of billions from the sale of ultra-long-term special government bonds to offer 15-20 per cent discounts on select goods. Last year, most local government subsidies lasted until the end of the year, so the abrupt midyear halt this year – ahead of what is known as the 618 shopping festival, with e-commerce platforms looking to maintain sales momentum – caught some people off guard.
