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According to data aggregated by Cargo Facts Consulting, Temu ships around 4,000 tonnes a day, Shein 5,000 tonnes, Alibaba.com 1,000 tonnes and TikTok 800 tonnes. That equates to around 108 Boeing 777 freighters a day, the consultancy said.

Shopify today has an enterprise value of $34 billion. Its gross merchandise value (GMV) through Q3-2019 was $40 billion, up 50% over the same period in 2018. From this GMV, it collected just over $1 billion in revenues from recurring subscriptions and payments products at 56% blended gross margins. If we assume Q4-19 will be 50% higher than Q4-18 (... See more

alibaba also worked to make live commerce a key highlight of singles' day. sellers were incentivized to participate: livestreaming merchants reaped traffic. alibaba also invested in a spate of promo events, like livestreaming the annual gala and eight-hour fashion show.