China's Singles Day, the world's largest shopping festival, concluded with Alibaba reporting positive sales growth, although full results were not disclosed. Fortune estimated the shopping spree's value at 156 billion dollars, a critical contributor to China's fourth-quarter economy, but the event may have appeared to have lost its shine....
14 Nov 2023
China's annual "Singles Day" sales bonanza wraps up at midnight on Saturday, but consumers this year appear largely unswayed by its flashy deals and discounts as the world's second-largest economy slows. Conceived by tech giant Alibaba, "Singles Day" -- which this year spanned well over a week -- was launched in 2009 and has since ballooned into...
13 Nov 2023
British consumers are expected to slash 2 billion pounds on November 11 as UK shoppers embrace Singles Day, according to research from ParcelHero. Singles Day, which originated in China in 1993, is the world’s largest retail event and takes place on the eleventh day of the eleventh month every year. In 2022, shoppers worldwide spent 112 billion...
9 Nov 2023
Chinese e-commerce giants Alibaba and JD.com have opted to not release any sales numbers for their annual Singles Day, possibly hinting that macroeconomic headwinds could be hitting the region and its businesses. While Alibaba said the results had delivered in line with last year’s GMV performance despite the macro challenges, JD.com said this...
14 Nov 2022
China's Singles Day shopping bonanza entered its final stretch Friday, with all eyes on whether sales can top a record one trillion yuan (140 billion dollars) despite the country's struggling economy. Conceived by technology giant Alibaba, the informal holiday's title riffs on a tongue-in-cheek celebration of singlehood inspired by the four ones...
11 Nov 2022
Chinese ecommerce titan Alibaba enjoyed record sales during its Singles Day shopping extravaganza, giving a much-needed boost to the firm after a torrid year in which it became the symbol of a government crackdown that hammered the country's tech sector. The firm said 540.3 billion yuan (84.5 billion dollars) was spent as China's army of...
12 Nov 2021
On the eve that China and the U.S. signed a deal to curb greenhouse gas emissions, the Double 11 gala, better known as Singles Day, the Alibaba annual online shopping bonanza, kicked off in China. This is the first retail event since China began clamping down on surging corporate profit and tech giants, but the contrast between the highly...
11 Nov 2021
Shanghai - China on Thursday held a subdued version of its annual "Single's Day" shopping spree, shorn of the usual boasting on sales volume as the country's chastened e-commerce sector kept a lower profile amid a government crackdown on platforms such as those operated by Alibaba. The world's biggest shopping festival has for years been...
The world's largest online shopping bonanza began in China Wednesday with an army of workers and robots primed to sort packages, and international superstars hired to drive sales, on "Singles' Day". Conceived as an antidote to Valentine's Day, the event falls on the eleventh of the eleventh -- with all its ones -- and was meant to be an occasion...
11 Nov 2020
Chinese e-commerce leader Alibaba said Thursday that net profit increased 58 percent in the latest quarter, citing another record "Single's Day" sales promotion in November and growth in cloud computing. Net profit reached 52.3 billion yuan (7.5 billion dollars) in the October-December third quarter. Alibaba dominates China's consumer culture...
13 Feb 2020
China enjoyed a better-than-expected pick-up in the key retail and industrial sectors in November, data showed Monday, providing a further boost to Beijing after finally agreeing a mini trade pact with the United States last week. The readings come at the end of a tough year for the world's number two economy, which is expanding at its weakest...
16 Dec 2019
British fashion brand Boden is celebrating success in China after record sales over the Singles' Day event on Tmall. The brand ranked number two for childrenswear brands on Tmall Global and recorded a 120 percent uplift in sales on last year. Total sales this Singles' Day were more than double than last year, added Boden, and the most popular...
13 Nov 2019
