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.

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 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). Get the Full Story Complete...

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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  |  Cross-border Payments

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. Get the Full Story Complete the form to...

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