Daily Brief

November 29, 2020

TODAY’S TOP FIVE CAN’T-MISS STORIES

  • 1

    How Alibaba’s Logistics Platform Delivers Parcels Faster Than A Takeaway

    November 11, also known as Singles’ Day, is China’s (much larger) equivalent of Black Friday when retailers offer attractive discounts to e-commerce consumers to boost sales. Since Alibaba began commercialising the unofficial holiday in 2009, their sales record has been increasing at an unprecedented speed. This year, the e-commerce giant delivered 498.2 billion RMB in gross merchandise value (GMV) on Single’s Day, more than 10 times the revenue generated by Amazon on Prime Day in October. Read more on Dao Insights

  • 2

    'Versailles' Typifies Both Luxury And Decadence

    "Versailles" has become a buzzword online with the hashtag being viewed more than 770 million times on Weibo, a Twitter-like social media platform."Versailles" refers to Chinese millennials flaunting their wealth on social media and expressing opinions contrary to the majority on random issues. What is the reason behind this phenomenon? Two experts share their views on the issue with China Daily's Yao Yuxin. Read more on China Daily

  • 3

    New World Development’s 11 Skies Mega-Complex at Hong Kong Airport to Bow in 2022

    Adrian Cheng's company is almost ready to unveil Hong Kong's largest retail, dining and entertainment complex in the Greater Bay Area. Read more on Women's Wear Daily

  • 4

    Credit Suisse Says Regulatory Risks Are Unlikely To Stop China’s Tech Companies From Growing In 2021

    China’s equity and bond markets are set to give investors progressively greater opportunities in 2021, according to Credit Suisse. Chinese markets offer “high rates of growth at still attractive valuations,” the Swiss investment bank said in its 2021 outlook report. The world’s second-largest economy is predicted to be one of the few countries to register a positive GDP figure this year after bringing the coronavirus outbreak relatively under control. Read more on CNBC

  • 5

    When Will The Global Consumer Class Recover?

    n Black Friday, this year’s shopping will reach its peak. In the exceptional circumstances of 2020, the peak will not be high. The COVID-19 pandemic is a truly global economic crisis, with all countries likely facing a contraction in consumption. Read more on Brookings Institute