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In 50 Words: China’s 6.18 shopping fest sets record on Alibaba platforms
A record number of merchants participated in 6.18, China’s mid-year shopping festival, through Alibaba’s online marketplaces Taobao and Tmall. Daily average short-video viewers on Taobao increased by 113% year on year while livestreaming went up by 139%. The gross merchandise value of over 2.56 million SMEs exceeded last year’s festival.
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