Alibaba Reinvents Retail for 11.11

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Alibaba Reinvents Retail for 11.11

Over the past eight years, the 11.11 Global Shopping Festival has transitioned from a flash sale with a heavy emphasis on fire-sale prices to a sort of living laboratoryfor retail and marketing innovations. While previous years focused on meeting the demands of an unprecedented growth in scale, 2016 was all about consumer engagement: virtual reality, augmented reality, live-streaming and real-time interactivity.

Not every experiment is a success, of course, but the numbers generated during 11.11 show that consumers responded to these new technologies in a big way. How big? The Countdown Celebration Gala drew 7.4 billion interactions—with a “b”—in the form of “likes” on Tmall and Taobao, shakes of the phone to win discounts for the sale and othergames.

VR, AR and live-streaming proved popular as well.Check out the infographic below for the future of retailing:

Retailing Reinvented

11.11 Global Shopping FestivalAugmented Realitydigital entertainmentLivestreamingNew RetailVirtual Reality
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