SINGLE'S DAY news and archive

China's 'Singles Day' shopping bonanza loses its lustre

China's annual "Singles Day" sales bonanza wraps up at midnight on Saturday, but consumers this year appear largely unswayed by its flashy deals and discounts as the world's second-largest economy slows. Conceived by tech giant Alibaba, "Singles Day" -- which this year spanned well over a week -- was launched in 2009 and has since ballooned into...

Business

China's 'Single's Day' shopping fest subdued by tech crackdown

Shanghai - China on Thursday held a subdued version of its annual "Single's Day" shopping spree, shorn of the usual boasting on sales volume as the country's chastened e-commerce sector kept a lower profile amid a government crackdown on platforms such as those operated by Alibaba. The world's biggest shopping festival has for years been...

Retail

Single's Day: The world's largest shopping holiday begins

The world's largest online shopping bonanza began in China Wednesday with an army of workers and robots primed to sort packages, and international superstars hired to drive sales, on "Singles' Day". Conceived as an antidote to Valentine's Day, the event falls on the eleventh of the eleventh -- with all its ones -- and was meant to be an occasion...

Business |ANALYSIS Featured

Alibaba breaks its own sales record during Single'sDay

New York – Chinese e-commerce giant Alibaba Group Holding Ltd has registered a record 213.5 billion yuan (30.70 billion dollars) in sales during Singles' Day, it’s largest 24-hour shopping event. The 27 percent year-on-year sales increase came short of previous year’s annual growth rate of 39 percent. "Today we reached 200 billion (yuan). But we...

BusinessFeatured

$45 billion in sales: China’s e-commerce giants set a new record for Single’s Day

While veterans were recognized in the U.S. and those fallen in the Second World War were to be remembered in Europe, in China, this November 11 was to celebrate singles. The now largest e-commerce sale day by volume closed with a new record 45 billion dollars in online shopping. Alibaba Group, during its flagship event Double 11 (also called...

Fashion Featured

World's biggest online shopping day nets over 14 billion dollars

E-commerce giant Alibaba said Thursday that Chinese and international consumers spent more than 14 billion dollars in the world's biggest online shopping day, as it sought to soothe worries over China's slowing economy. The November 11 "Singles Day", which fell on Wednesday, has evolved into the globe's biggest online shopping festival since...