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: First Hour Of Singles’ Day Rakes In $12B
Alibaba: First Hour Of Singles’ Day Rakes In $12B
November 10, 2019  |  eCommerce

China’s Alibaba rang up over $12 billion in sales in less than 90 minutes during its Singles Day shopping bonanza, Reuters reported on Sunday (Nov....

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Alibaba Looks To Beat Last Year’s $30B Singles Day
Alibaba Looks To Beat Last Year’s $30B Singles Day
November 08, 2019  |  International

Alibaba is about to hold its annual Singles Day, which is the largest shopping day of the year for the eCommerce giant, according to a...

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China Tells eCommerce Companies To Stop Acting Like Monopolies
China Tells eCommerce Companies To Stop Acting Like Monopolies
November 06, 2019  |  ANTITRUST

Regulators in China have told eCommerce companies like Alibaba and JD.com to stop a monopolistic practice that makes merchants sign exclusive agreements, preventing them from...

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Retailers Give Fresh Focus to Single Consumers
Retailers Give Fresh Focus to Single Consumers
June 07, 2019  |  Retail

Forget millennials, that consumer segment that is blamed for the downfall of most everything while also being the target of many innovative efforts. Single consumers...

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China’s eCommerce Market Surpasses $186B In Q3
China’s eCommerce Market Surpasses $186B In Q3
December 28, 2018  |  eCommerce

The online retail market hit $186.13 billion during the third quarter, with Alibaba in the dominant position. According to a report in The Drum, Alibaba’s...

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JD.com Q3 Revenue Growth Slowdown Weighs On Stock
JD.com Q3 Revenue Growth Slowdown Weighs On Stock
November 19, 2018  |  Retail

JD.com, the Chinese eCommerce company, saw its stock under pressure in trading Monday (Nov. 19) after it reported third-quarter results in which revenue growth was...

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Chinese Consumers Favor Biometric Payments On Singles’ Day
Chinese Consumers Favor Biometric Payments On Singles’ Day
November 13, 2018  |  Retail

Alibaba’s Singles’ Day shopping event on Nov. 11 was a huge success; with $30.8 billion in transactions, it surpassed Cyber Monday and Black Friday combined....

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Alibaba, JD.com And Singles Day’s Global Brand Consumption Grand Slam
Alibaba, JD.com And Singles Day’s Global Brand Consumption Grand Slam
November 13, 2018  |  Retail

Alibaba celebrated a milestone with its Singles Day this year. The popular Chinese shopping holiday turned 10. To top off the decade, the eCommerce retailer...

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Five At Five: Apple Comes Out Big On Alibaba Singles Day
Five At Five: Apple Comes Out Big On Alibaba Singles Day
November 12, 2018  |  Business

Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the latest results from China’s massive eCommerce...

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