• How Singles' Day Became Biggest Shopping Spree Ever: QuickTake

    6 monthes ago - By Washington Post

    Singles' Day is the world's biggest shopping event. In less than a decade, Alibaba Group Holding Ltd. turned a quirky celebration for unmarried young adults in China into a global extravaganza drawing in thousands of retailers and hundreds of millions of shoppers of all ages - hitched or otherwise. It's spread to other e-commerce operators and will include more brick-and-mortar stores. The big unknown: To what extent, if any, the brewing U.S.-China trade war will cut into Singles' Day sales.
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  • Alibaba Singles' Day sales hit $10 billion in first hour

    6 monthes ago - By Reuters

    Chinese e-commerce giant Alibaba Group Holding Ltd settled roughly 69 billion yuan in the first hour of its annual Singles' Day on Sunday, up roughly 21 percent from last year's early haul of 57 billion yuan. Singles' Day is the world's biggest online sales event and last year netted Alibaba 168 billion yuan in total sales.
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