china_main_1618780a.jpg (Photo : www.thesun.co.uk)
More than 88 million packages swamped postal companies and courier service delivery firms in China during the Nov. 11 Singles' Day, the country's largest online shopping bonanza. The figures were much higher than the earlier expectations.
The total volume of packages during Singles' Day exceeded the estimated figures of the State Post Bureau by 15 percent. Newer predictions said that the volume of parcels to be processed from Nov. 11 to 16 can reach up to 586 million items, which translates to a year-on-year growth increase of 70 percent.
Tmall.com, a leading online shopping website in China, predicted last month that the Singles' Day shopping rush will see 250 million parcels.
Deputy director Liu Jun from the State Post Bureau said that the Singles' Day on Tuesday was not a peak day for logistics. He said that the peak days started from Wednesday and lasted until Friday.
The State Post Bureau is cooperating with online shopping websites such as Alibaba for the big shopping event.
Even before the onset of Singles' Day, custom officials have already agreed to collaborate with the online vendors for the anticipated online shopping festival in China.
Custom officials from Hangzhou and Guangzhou integrated Tmall.com's online transactions with their inventory systems for better tracking and dispersal of the parcels.
The Alibaba Group recently announced that, aside from voluminous parcels, it also generated at least $9 billion during Singles' Day, also known as "Double 11" or "11/11."
