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China’s slowing economy was the primary reason for the slowing growth of sales on Alibaba’s Singles Day on Sunday. This year marked the 10th anniversary of the online shopathon, and while everyone expected a new record Gross Merchandise Volume (GMV) would be…
Leading Cashback platform ShopBack conducted a survey recently and found the awareness level towards 11.11 Singles’ Day among Malaysian online shoppers has grown to 96% this year, from 69% in 2016. “In a 2016 survey to 2,000 Malaysian online shoppers, 69%…
It all started with a few students from Nanjing University who decided to break away from the monotony of being single for one day. They chose 11.11 because of the solitary implications of the number 1 which symbolize being single. However, this simple…
Alibaba Group Holding Limited (NYSE:BABA) today officially kicked off the 2018 11.11 Global Shopping Festival in China’s capital, promising this year’s mega-event will be the largest-ever in terms of scale and reach. Businesses within the Alibaba ecosystem…
Chinese e-commerce giant Alibaba Group has tallied more than US$1 billion in the first five minutes and US$5 billion in transactions in the first hour of its annual Singles Day sales blitz. That means China’s 2016 Singles Day shopping fest—aka Shuangshiyi or…
I recently got back from Engine’s Asia offices, where everyone was buzzing with excitement about this shopathon concept. This 24-hour shopping day is the Chinese equivalent of Cyber Monday. It started in 2009 by ecommerce giant Alibaba and has evolved into…
China Singles Day is an entertaining festival widespread among young Chinese people, to celebrate the fact that they are proud of being single. To celebrate these singletons like to shop, for some reason. Regardless of motive, the opportunities an event like…
Alibaba’s Singles’ Day – now dubbed 11.11.Global Shopping Festival – is set to expand into international territories for the first time this year. The online retail giant founded by Jack Ma plans to use the celebrations around the event and its catalogue of…
Alibaba has officially launched its 11.11 Global Shopping Festival this year in a ceremony at its headquarters Hangzhou, China. The e-commerce giant said its push for this year’s festival is for Alibaba to serve as the “gateway to China” for brands worldwide.…
