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.

Today In Payments: China’s Singles’ Day Sales Hit $56B; Lyft Considers Moving Into Delivery Sector

Today In Payments: China’s Singles’ Day Sales Hit $56B; Lyft Considers Moving Into Delivery Sector
Today In Payments: China’s Singles’ Day Sales Hit $56B; Lyft Considers Moving Into Delivery Sector
November 11, 2020  |  News

In today’s top news, Alibaba’s Singles’ Day in China has brought in $56 billion thus far, and Lyft is launching a delivery service. Plus, the...

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Alibaba’s Singles’ Day Will Double As Economic Barometer
Alibaba’s Singles’ Day Will Double As Economic Barometer
November 10, 2020  |  Retail

China’s 1.4 billion people will mark Singles’ Day – the country’s exponentially larger answer to America’s Black Friday or Prime Day events – on Wednesday...

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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. Get the Full...

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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. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

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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. Get the Full Story...

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