China’s DHGate Experiences Record-Breaking Sales

China’s leading B2B cross-border e-commerce marketplace, DHgate, reported a record-breaking performance during the Black Friday and Cyber Monday 2023 period, doubling its Gross Merchandise Value (GMV) compared to the previous year. This five-day sales event, strategically planned for the 2023 gifting season, saw an explosive transaction growth rate driven by two key groups: wholesale customers and cross-border retailers. Key highlights of DHgate’s Black Friday and Cyber Monday 2023 performance include: Wholesale purchases increased by 120% Transactions with cross-border retailers accounted for more than US$10 million in sales Consumer electronics and smart devices, including robot vacuum cleaners and smart electric scooters, topped the sales charts Fashion sales doubled month-on-month and increased by more than 50% year-on-year Mobile phones and accessories’ GMV growth tripled month-on-month and grew 2.5 times year-on-year Home and lifestyle products increased fivefold month-on-month and tripled year-on-year Sportswear and fitness gear grew 3.5 times year-on-year, with particular success in…