BABA(US:BABA) Qi Lu Wan Bao·2025-10-15 07:52Core Points - The annual Tmall Double 11 shopping festival officially starts at 8 PM tonight, offering the best discounts of the year [1] - Tmall is providing a base discount of 15% off, along with additional 10% off coupons, industry-specific coupons, and shopping credits [5] Discounts and Offers - The 88VIP program features the largest coupon package in history, totaling 3.25 billion yuan, which includes 1.35 billion yuan in no-threshold 10% off coupons and various other benefits [6] - Consumers can claim at least 10,000 yuan in industry-specific coupons across categories like beauty, home appliances, and apparel, with discounts as low as 8.6% for beauty products [7] - Tmall Live is distributing 3 billion yuan in red envelopes, allowing users to claim over 2,000 yuan daily, with additional 10% off no-threshold coupons available during live streams [8] Additional Promotions - The platform is investing an additional 1 billion yuan in store red envelopes, which can be used immediately without restrictions, and can be combined with other discounts for savings as low as 73% [9] - Government subsidies for trade-ins can reach up to 20%, combined with brand discounts and additional coupons, allowing home appliances to be purchased at up to 50% off [10] - The Tmall Double 11 pre-sale begins tonight at 8 PM, with the official sale starting on October 20 at 8 PM, marking a significant opportunity for consumers to take advantage of the best deals of the year [11]