618 Vol.1: The 2020 618 Shopping Festival
2020 618 shopping festival is already underway. This year’s festival will last for about a month. Four established e-commerce platforms (Tmall/ Taobao, JD, Pinduoduo, Suning) and two new social media e-commerce platforms (Douyin, Kuaishou) are the leading platforms involved.
Livestreaming is expected to be a significant driver of sales during this year’s festival, and the number of imported products is expected to grow significantly compared to last year.