"Our" business?
OPINION: One particular bone the Hound has been gnawing on for years now is how the chattering classes want it both ways when it comes to the success of NZ's dairy industry.
This was 217% higher than sales achieved during the 2014 event.
Fonterra's managing director Great China Christina Zhu told the co-op's annual meeting in Waitoa today that this highlights the power of e-commerce in China.
China's Tmall – the country's equivalent Amazon online, achieved US$14.3 billion dollars in sales on November 11.
Zhu says the Double 11 event has been a success for the co-op.
She pointed out that selling on Tmall was very profitable.
"We take out layers on distribution channels on e-commerce and this has a low cost base so it's quite profitable for us."
