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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.

Launch of the Canadian Tmall Store

JUSTIN TRUDEAU & JACK MA LAUNCH CANADIAN PAVILION ON TMALL GLOBAL
Alibaba Group Executive Chairman Jack Ma and Canada prime minister Justin Trudeau launched a first and new Canadian pavilion on Tmall. This e-commerce crossborder channel will enable Chinese consumers to purchase 100 products and 30 leading brands such as Lululemon (yoga wears maker), Clearwater Seafoods, Roots, Webber Naturals (health supplements), Sunrype and more.