• Single's Day: China's $25 billion shopping festival explained

    8 days ago - By TechCrunch

    This Sunday is November 11, an auspicious date within the Chinese tech community because it marks Single's Day, the world's largest online shopping day. This year is particularly poignant since it will be the tenth edition of the annual event - also known as Double Eleven - since it was created by Alibaba, the Chinese e-commerce giant.
    Single's Day is huge business today. Alibaba sold more than $25 billion in goods last year as 11.11 moved outside of China into other regions within Asia and beyond. The company has consistently grown its sales tally year-on-year, so it's fair to expect $35...
    Read more ...

     

  • Black Friday is nothing compared to China's Singles Day - CNET

    Black Friday is nothing compared to China's Singles Day - CNET

    8 days ago - By CNET

    Mark your calendars. Nov. 11 is the day when all shopping records are broken.
    Read more ...