Singles Day news and archive

China's Singles Day shopping spree enters final stretch

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...

Business

Alibaba, JD enjoy record Singles Day despite tech crackdown

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...

RetailFeatured

Alibaba's Singles Day is a shopping extravaganza of the highest order

China’s Singles Day, also known as 11.11 or Double 11, started in 1993 at Nanjing University as a day for students to celebrate their singledom. In 2009, Alibaba transformed the holiday from an “anti-Valentine’s Day” for Chinese singletons to the “11.11 Global Shopping Festival,” which now also sees JD.com participate with its own multi-day...

Business

Alibaba earnings surge 58 pct on 'Single's Day' boost

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...

Retail

Retail continues to grow in China despite economic challenges

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...

BusinessFeatured

All about Allbirds’ debut on Singles' Day

New York - U.S. shoe brand Allbirds has participated in Alibaba’s 11.11 Global Shopping Festival for the first time. Allbirds released two special-editions of its signature sneakers to mark its debut on the Singles Day shopping event after opening its flagship store on Alibaba Group’s e-commerce platform Tmall in April. “Instead of relying on...

Retail

Boden announces record sales on Singles' Day in China

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...

Retail

Update: Chinese consumers smash 'Singles' Day' shopping record

Chinese shoppers set new records for spending during the annual "Singles' Day" buying spree despite an economic slowdown and worries over the US trade war, with state media calling it a sign of China's rising economic strength. E-commerce giant Alibaba said consumers spent 38.3 billion US dollars on its platforms on Monday during the world's...

RetailFeatured

'Singles' Day' headed for record breaking sales despite China's sobering economy

Chinese consumers closed in on a new spending record Monday during the annual "Singles' Day" frenzy, the world's biggest 24-hour shopping event, which kicked off this year with a glitzy show by US megastar Taylor Swift. E-commerce leader Alibaba said that within the first 12 hours, nearly 192 billion yuan (27.4 billion US dollars) had been spent...

Business

Alibaba revenue jumps ahead of shopping bonanza Singles Day

Chinese e-commerce giant Alibaba Friday posted a 54 percent boost in revenue in the second quarter and saw profits rebound ahead of Singles Day, the largest shopping holiday of the year in China. Alibaba reported a net profit of 20 billion yuan (2.9 billion USD), a 13 percent year-on-year increase, with strong revenue from its core business....

RetailFeatured

That's (retail) entertainment - the rise of China's Singles Day

What started as a modest marketing event with just 27 participating merchants, has become one of the world's biggest sales events in just nine years. This is Singles Day of course, invented by Chinese online giant Alibaba and since renamed “Global Shopping Festival“, which broke all records this year for Alibaba with a gross merchandise volume...

RetailFeatured

Singles Day breaks all records - again

Happy faces at Chinese online giant Alibaba: the inventor of Singles Day as a commercial event (now officially called “Global Shopping Festival“) announces ever increasing sales on 11th November each year; the sky seems the limit. Last year's record of 120.7 billion yuan (17.8 billion US dollars) was broken by midday on Saturday and increased by...