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 TOP KOL lijiaqi sales on the first day $359 million for 618 festival

As the 618 shopping festival kicks off, prominent livestreamer Li Jiaqi, also known as the “Lipstick King,” has made a notable return, offering “red envelope” vouchers on his douyin channel. Despite facing challenges this year due to a backlash from previous comments made to a consumer, Li managed to generate impressive sales of 2.6 billion RMB ($359 million) on the opening day.

What Is The Future Of E-Commerce In China? $3 Trillion by 2024

The future of e-commerce in China is a hot topic, as this booming market continues to reshape the global retail landscape. With its rapid growth and innovative trends, China has become the world’s largest e-commerce market, accounting for more than half of all online transactions worldwide.

Alipay is breaking into the Korean market

Alipay, the famous payment service developed by Alibaba is knowing a huge success throughout China and is looking forward to take its services overseas. Platforms like Aliexpress or Tmall Global are already aiming to a more internationalized market and now it is time for Alipay to follow the same path, the cross-border path.

UK Retailers, none interest for Chinese customers ?

The UK e-commerce is missing some opportunities in China
The United Kingdom is one of the leading countries in the Western World. The international selling represents 71% for the biggest online retailers such as Amazon, Tesco or Ebay. The most popular online products are fashion and sporting goods followed by travel and household items. Also, there are movies and books or magazines.