Single’s Day news and archive

Alibaba breaks its own sales record during Single'sDay

New York – Chinese e-commerce giant Alibaba Group Holding Ltd has registered a record 213.5 billion yuan (30.70 billion dollars) in sales during Singles' Day, it’s largest 24-hour shopping event. The 27 percent year-on-year sales increase came short of previous year’s annual growth rate of 39 percent. "Today we reached 200 billion (yuan). But we...

ManagementFeatured

45 billion in sales: China’s e-commerce giants set a new record for Single’s Day

While veterans were recognized in the U.S. and those fallen in the Second World War were to be remembered in Europe, in China, this November,11 was to celebrate singles. The now largest e-commerce sale by volume closed with a new record 45 billion dollars in online shopping. Alibaba Group, during its flagship event Double 11 (also called 11.11...

Fashion Featured

World's biggest online shopping day nets over 14 billion dollars

E-commerce giant Alibaba said Thursday that Chinese and international consumers spent more than 14 billion dollars in the world's biggest online shopping day, as it sought to soothe worries over China's slowing economy. The November 11 "Singles Day", which fell on Wednesday, has evolved into the globe's biggest online shopping festival since...