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12 Nov, 4 tweets, 1 min read
Alibaba, JD smash Singles Day record with $139 billion of sales and focus on ‘social responsibility’
Wasn't Chinese economy supposed to be slowing? Apparently not. LOL.
cnbc.com/2021/11/12/chi…
Both Alibaba and JD said they saw growth in smaller Chinese cities, a key focus for the e-commerce firms as they look to grow their user bases.
Users from so-called lower-tier markets accounted for 77% of all shoppers during the Singles Day period, JD said. The company said it had seen “rapid growth of consumption” from these markets in home appliances, medicine and home decoration.
When Double 11 sales opened on Nov. 1-3, spending in lower-tier cities and rural areas increased by nearly 25% from last year, Alibaba said.

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More from @thinking_panda

ShanghaiPanda Profile picture
1 Nov
China's efforts in fighting climate change - 1
"China's carbon intensity in 2020 was 48.4 percent lower than 2005, which means it over-delivered on its commitment to cut carbon intensity by 40-45 percent from the 2005 level by 2020."
China's efforts in fighting climate change - 2
"China has prioritized the development of renewable energy. The proportion of non-fossil energy in its energy mix has been lifted to 15.9% last year,up 8.5 percentage points from 2005. It will raise the figure to around 25% by 2030."
China's efforts in fighting climate change - 2
"China has prioritized the development of renewable energy. The proportion of non-fossil energy in its energy mix has been lifted to 15.9% last year,up 8.5 percentage points from 2005. It will raise the figure to around 25% by 2030."
Read 8 tweets
ShanghaiPanda Profile picture
28 Oct
Congratulations!
Oct 26, 2021. After more than 20 years of sutras study, the 11th Panchen Lama, Bainqen Erdini Qoigyijabu attained the highest degree in exoteric teachings of the Gelug school of Tibetan Buddhism, equivalent to a doctoral degree in modern education.
#Tibet #China
The 11th Panchen Lama attends a debate at the Tashilhunpo Monastery in the city of Shigatse, Southwest China's Tibet autonomous region.
news.cn/english/2021-1…
Following the traditional sutras learning system of Tibetan Buddhism, the Panchen Lama began studying the Five Major Treatises in 1996 and passed two related examinations in 2002 and 2020, respectively.
Read 7 tweets
ShanghaiPanda Profile picture
28 Oct
As early as 1500 years ago, Princess Wencheng of the Tang Dynasty married King Songzanganbu of Tibet (Tubo Dynasty).
In the 11th century, Tibet was officially incorporated into China's territory.
In 1728, the Qing Dynasty officially sent ministers stationed in Tibet.
This is the difference between China and the West in expanding territory.
The west is used to conquering and colonizing by force, while China is used to cultural integration and political means, only using force when necessary.
Whether Tibet or Xinjiang, they have been closely linked with China's Central Plains regime for thousands of years, sometimes merged and sometimes separated. Sometimes they merge economically but separate politically. Now, they are all part of China.
Read 4 tweets
ShanghaiPanda Profile picture
25 Sep
The case of Michael Kovrig and Michael Spavor, known collectively as the “Two Michaels”... Michael Kovrig has been a member of the ICG since 2017... The ICG was first founded in 1995. Its initial seed funding was provided by George Soros...
thecanadafiles.com/articles/micha…
The ICG frames itself as working to prevent wars and maintain global stability. Yet, as exposed by both the Grayzone and the New Left Review, its policies in actuality have sought to enforce regime change...
and the expansion of NATO and other US-led alliances in Europe, the Middle East, and around the world.
Read 8 tweets
ShanghaiPanda Profile picture
23 Sep
Today, I read a meaningful passage on reddit. I agree with it. Image
"sounds like a dogmatic application of the Russian / USSR's conditions to China.

The material conditions of China were of imperialism / colonialism from other countries on one side of a contradiction against the Chinese people entirely - no matter their class. "
"The CPC successfully used this to unite with the KMT to end imperialism/colonialism within China almost entirely which was a very difficult task, and then they successfully took over the nation from the KMT."
Read 5 tweets
ShanghaiPanda Profile picture
10 Sep
China’s budget will likely be in or near balance for the first time in roughly four decades, a sign of tight fiscal policy during the year despite a slowing economy, according to a study from the East Asian Institute.
bloomberg.com/news/articles/…
China recovered from the Covid (economic) shock without loosening its fiscal policy. Unlike US/Japan. No big stimulus, no drastic reduction of interest rate, no QE, no money printer going brrrrr.
And China still have the option to do all those in the future. It's like going back to 100% hp with your mana/potions still intact, nothing on cooldown. While US have already exhausted all their mana/potions.
Read 4 tweets

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