Singles Day

Singles day or Guanggun Jie is a shopping holiday popular among young Chinese people that celebrate their pride in being single. The date, November 11, was chosen because the number "1" resembles an individual who is alone.

Alibaba Earnings Preview: Distractions Hang Over Jack Ma’s Core Company
Alibaba Earnings Preview: Distractions Hang Over Jack Ma’s Core Company
November 04, 2020  |  Earnings

Regardless of what happens as Alibaba’s earnings are announced Thursday, one story will hang over the proceedings. Alibaba Co-founder Jack Ma is also the founder...

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Survey: Chinese Consumers Expect To Spend More On Alibaba’s 2020 Singles’ Day
Survey: Chinese Consumers Expect To Spend More On Alibaba’s 2020 Singles’ Day
October 28, 2020  |  Retail

“Singles’ Day” in China is a 24-hour shopping marathon that boasts the biggest sales on earth of any day of the year. However, this year’s...

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Chinese Festivals Show Government Spin On Consumer Stimulus
Chinese Festivals Show Government Spin On Consumer Stimulus
May 26, 2020  |  Retail

The last time Chinese eCommerce companies collaborated for an online shopping holiday it was called Singles Day. Held on 11/11 and managed by Alibaba, in...

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How Singles Day Gave Rise To China’s Digital Commerce Culture
How Singles Day Gave Rise To China’s Digital Commerce Culture
December 18, 2019  |  eCommerce

Singles Day started quite humbly. Before it was an international shopping festival raking in just under $50 billion in sales in a single day, it...

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Alibaba Founder: Singles’ Day Sales Fell Short
Alibaba Founder: Singles’ Day Sales Fell Short
November 13, 2019  |  eCommerce

Jack Ma, one of the founders of Alibaba Group Holding, said Singles Day, which is China’s version of Cyber Monday, missed sales projections, according to...

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On Record-Setting Singles’ Day, L’Oréal, Nestle Among Big Winners
On Record-Setting Singles’ Day, L’Oréal, Nestle Among Big Winners
November 12, 2019  |  Retail

The numbers are in from Alibaba’s annual Singles’ Day online shopping event, and among the big winners are L’Oréal and Nestle. As reported by Reuters...

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Top News In Payments: Europe’s Version Of Libra Makes Headway; Amazon Faces Legal Backlash On Logistics
Top News In Payments: Europe’s Version Of Libra Makes Headway; Amazon Faces Legal Backlash On...
November 11, 2019  |  News

In today’s top payments news, a potential competitor to Facebook’s Libra cryptocurrency is making progress, and one of the year’s biggest eCommerce events sets a...

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Singles Day Breaks Record With $38B In Sales
Singles Day Breaks Record With $38B In Sales
November 11, 2019  |  Retail

Singles Day, which is Monday, Nov. 11 this year, has become one of the biggest eCommerce events around the world, thanks to its backing by...

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Alibaba Beats $30B Sales Record On China’s Singles Day
Alibaba Beats $30B Sales Record On China’s Singles Day
November 11, 2019  |  eCommerce

China’s Alibaba broke sales records during the 24-hour shopping event known as Singles Day, CNBC reported on Monday (Nov. 11). The gross merchandise value (GMV),...

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