Insight Report 12 minutes PremiumChina’s 6.18 Shopping Festival 2023: Three Trends To Watch, Discounting To Entice Cautious Consumers Charlotte Rothschild, Analyst Sector Lead: John Harmon, CFA, Associate Director of Technology Research June 12, 2023 What's InsideThe 6.18 shopping festival is the second largest annual online shopping festival in China. With sales periods for the event now well under way on major e-commerce platforms, we consider the challenges for e-commerce players this year and present our expectations for the event. We also look at early performance data and discuss key trends to watch, from discounting to the popularity of domestic brands. Data in this report include: Estimated GMV generated by e-commerce platforms during the 6.18 shopping festival 2022 Key dates and discounts for the 2023 festival across selected major e-commerce platforms Early performance data, with a focus on the luxury sector Discounting campaigns by selected e-commerce platforms Companies mentioned in this report include: Alibaba (Taobao/Tmall), Douyin, JD.com, Kuaishou Other relevant research: Coresight Research insights from the 6.18 shopping festival 2022 April 2023 China Retail Sales: Total Sales Accelerate Further as Most Sectors Continue To See Strong Growth Key Festivals and Holidays for Promotional Campaigns in China in 2023: Calendar More research reports on China retail The Coresight Research weekly China Consumer Tracker takes a regular temperature check on Chinese consumers’ behaviors and sentiment, based on exclusive proprietary survey data. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Think Tank: Generative AI Explained—Understanding Its Power and Fundamental TechnologiesJuly 2024 US Retail Sales: Growth Rebounds with Second-Highest Rate in 2024AI Integration, Practical and Research Uses, and Challenges Within Real Estate: Insights Presented at the NARG 2024 Spring MeetingUS Watch Market: Traditional Watches Cede Share to Smartwatches, While Luxury Offerings Continue To Grow