Daniel Slotta
Research expert covering finance, real estate, and technology in Greater China
Get in touch with us nowThe retail trade revenue of communication devices in China in February 2024 was roughly 122 billion yuan. November of 2021 saw the highest revenue of the last years by sales amounting to over 82 billion yuan. The spike could be a result of Singles Day. It takes place on November 11 of every year, and on that day, online retailers offer large discounts on their products. For Double 11 of 2021, Alibaba reported sales totaling 314.6 billion yuan which was more than two times the value of Black Friday and Cyber Monday in the United States combined.
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