Textile companies on the go for Single Day sales
A worker folds quilts at Jiangsu Daiheng Home Tech Co in Haimen district, Nantong on Nov 2. [Photo/ntfabu.com]
To prepare for the annual Singles' Day shopping gala on Nov 11, Jiangsu Daiheng Home Tech Co, a textile business based in Haimen district, Nantong, had started stocking goods as early as June.
According to local media reports, the company has prepared various products worth a total of 45 million yuan ($6.52 million) for the sales event.
Headquartered in the Haimen Dearshiqiao International Home Textile, the company operates online businesses on Tmall, Vip.com, JD and overseas websites.
The company has a quilt production plant, which spans 2,400 square meters and is equipped with intelligent production lines, each of them capable of producing 3,000 quilts per day.
The company also cooperates with 260 factories to produce other home textile products, including mattress, pillows, blankets and more, bringing in about 400 million yuan in sales.
Dearshiqiao is currently the largest professional home textile market in China that has more than 50 percent of the domestic market share. Its products are sold in more than 350 cities in China and over 130 countries and regions.
Despite the COVID-19 outbreak, the zone realized a total turnover of 89.68 billion yuan in the first three quarters of 2020, a 3.56 percent year-on-year increase.