عربي English Türkçe اردو فارسى
Logo
Latest News
Varieties

China's Singles Day Shopping Spree Enters Final Stretch

China's shopping sales from the Singles Day holiday could top a record one trillion yuan ($140 billion) despite the country's struggling economy. Photo: WANG Zhao / AFP
China's shopping sales from the Singles Day holiday could top a record one trillion yuan ($140 billion) despite the country's struggling economy. Photo: WANG Zhao / AFP
TT
TT

China's Singles Day Shopping Spree Enters Final Stretch

China's shopping sales from the Singles Day holiday could top a record one trillion yuan ($140 billion) despite the country's struggling economy. Photo: WANG Zhao / AFP
China's shopping sales from the Singles Day holiday could top a record one trillion yuan ($140 billion) despite the country's struggling economy. Photo: WANG Zhao / AFP

China's Singles Day shopping bonanza entered its final stretch Friday, with all eyes on whether sales can top a record one trillion yuan ($140 billion) despite the country's struggling economy.

Conceived by technology giant Alibaba, the informal holiday's title riffs on a tongue-in-cheek celebration of singlehood inspired by the four ones -- "11/11" -- that denote its date of November 11.

It has grown to encompass much of China's retail sector -- including traditional brick-and-mortar stores, second-hand sales platforms and even rival shopping giant JD.com -- with merchants offering varying levels of discounts starting in late October.

The combined gross value of products sold by Alibaba and JD.com this year "may surpass a trillion yuan," Xiaofeng Wang, principal analyst at research firm Forrester, said in a note -- up from the total of 965 billion yuan raked in at last year's event.

Once a festival of frenzied consumption led by Alibaba's effervescent founder Jack Ma, Singles Day has been more muted in recent years as Beijing cracks down on online platforms.

Last year's holiday was virtually ignored by state-controlled news outlets with a host of other events competing for shoppers' wallets, AFP said.

- Economic strain -
The mood has been dampened further this year as Beijing persists with a strict zero-Covid strategy that has hammered business confidence and chipped away at consumer demand.

The holiday, conceived in 2009, has previously lured throngs of Chinese influencers alongside Western celebrities including Kim Kardashian and Taylor Swift, drawing heavy coverage in both domestic and international media.

This time around, a series of scandals and a campaign against tax evasion have lowered expectations of celebrity endorsements, with influential Chinese live-streamer Viya disappearing from social media late last year in the wake of a tax probe.

Alibaba said last week the event could "make a big difference" for retailers struggling with supply-chain disruptions and inflation this year, including a slew of foreign brands.

Businesses and consumers alike have been laid low by China's stringent Covid prevention policies, which see officials wield snap lockdowns, mass testing and lengthy quarantines in response to a handful of cases.

The country is the last major economy wedded to a strategy of extinguishing new outbreaks as they occur.

State media reported Thursday that top leaders had again vowed to stick "unswervingly" to the policy.

Most Viewed

 
 
Varieties

Researchers Document Huge Drop in African Elephants in a Half Century

Elephants walk at the Amboseli National Park in Kajiado County, Kenya, April 4, 2024. REUTERS/Monicah Mwangi/File Photo
Elephants walk at the Amboseli National Park in Kajiado County, Kenya, April 4, 2024. REUTERS/Monicah Mwangi/File Photo
TT
TT

Researchers Document Huge Drop in African Elephants in a Half Century

Elephants walk at the Amboseli National Park in Kajiado County, Kenya, April 4, 2024. REUTERS/Monicah Mwangi/File Photo
Elephants walk at the Amboseli National Park in Kajiado County, Kenya, April 4, 2024. REUTERS/Monicah Mwangi/File Photo

African elephants are Earth's largest land animals, remarkable mammals that are very intelligent and highly social. They also are in peril. Fresh evidence of this comes in a study that documents alarming population declines at numerous sites across the continent over about a half century.

Researchers unveiled on Monday what they called the most comprehensive assessment of the status of the two African elephant species - the savanna elephant and forest elephant - using data on population surveys conducted at 475 sites in 37 countries from 1964 through 2016.

The savanna elephant populations fell by about 70% on average at the surveyed sites and the forest elephant populations dropped by about 90% on average at the surveyed sites, with poaching and habitat loss the main drivers. All told, there was a 77% population decrease on average at the various surveyed sites, spanning both species, Reuters reported.

Elephants vanished at some sites while their populations increased in other places thanks to conservation efforts.

"A lot of the lost populations won't come back, and many low-density populations face continued pressures. We likely will lose more populations going forward," said George Wittemyer, a Colorado State University professor of wildlife conservation and chair of the scientific board of the conservation group Save the Elephants, who helped lead the study published in the journal Proceedings of the National Academy of Sciences.

Poaching typically involves people killing elephants for their tusks, which are sold illegally on an international black market driven mostly by ivory demand in China and other parts of Asia. Agricultural expansion is the top factor in habitat loss.

The forest elephant population is estimated to be about a third that of savanna elephants. Poaching has affected forest elephants disproportionately and has ravaged populations of both species in northern and eastern Africa.

"We have lost a number of elephant populations across many countries, but the northern Sahel region of Africa - for example in Mali, Chad and Nigeria - has been particularly hard hit. High pressure and limited protection have culminated in populations being extirpated," Wittemyer said.

But in southern Africa, elephant populations rose at 42% of the surveyed sites.

"We have seen real success in a number of places across Africa, but particularly in southern Africa, with strong growth in populations in Botswana, Zimbabwe and Namibia. For populations showing positive trends, we have had active stewardship and management by the governments or outside groups that have taken on a management role," Wittemyer said.

The study did not track a continent-wide population tally because the various surveys employed different methodologies over different time frames to estimate local elephant population density, making a unified head count impossible. Instead, it assessed population trends at each of the surveyed sites.

A population estimate by conservationists conducted separately from this study put the two species combined at between 415,000 and 540,000 elephants as of 2016, the last year of the study period. It remains the most recent comprehensive continent-wide estimate.

"The loss of large mammals is a significant ecological issue for Africa and the planet," said conservation ecologist and study co-author Dave Balfour, a research associate in the Centre for African Conservation Ecology at Nelson Mandela University in South Africa.

The world's third extant elephant species, the slightly smaller Asian elephant, faces its own population crisis, with similar factors at play as in Africa.

Of African elephants, Wittemyer said, "While the trends are not good, it is important to recognize the successes we have had and continue to have. Learning how and where we can be successful in conserving elephants is as important as recognizing the severity of the decline they have experienced."

Wittemyer added of these elephants: "Not only one of the most sentient and intelligent species we share the planet with, but also an incredibly important part of ecosystems in Africa that structures the balance between forest and grasslands, serves as a critical disperser of seeds, and is a species on which a multitude of other species depend on for survival."