China's Biggest Shopping Event: What Is Singles Day?

11 November, 2017, 01:28 | Author: Terri Saunders
  • Singles Day Sales 5 Reliable Chinese Websites That Ship Stuff to India

Adding together the sales from the most recent Prime Day, Black Friday and Cyber Monday in the U.S. only total 43% of the sales from last year's Single's Day. More than 140,000 brands will participate this year, Alibaba said.

We all know about Black Friday and Cyber Monday as they are the biggest shopping days in the USA, but China has an even bigger shopping day that was designed by Alibaba Group Holding Ltd (NYSE:BABA).

Alibaba hit $5 billion in transactions in less than 15 minutes on Singles Day, blowing the opening minutes of past years for the one-day shopping event out of the water. For which we can thank Chinese e-commerce giant Alibaba.

It is called Singles Day because it is on 11/11, honoring the number one and the people who are single and would like to treat themselves to something nice.

This year, Citigroup told Bloomberg that Singles Day sales are expected to exceed $23 billion.

Disney wants to undercut Netflix's price ahead of 2019's streaming war
The service will launch with "a lot of high quality" content and will increase its price as the platform adds titles over time. Disney originally announced its intention to withdraw content from Netflix during an earnings report in early August.


Singles' Day is a holiday created to serve as an alternative to Valentines Day in China.

The first year did only $7.5 million in sales, but just five years later, that record was broken in 12 hours.

Feeling down on "Singles Day" this weekend? Each year Alibaba holds a slickly produced live-streamed and televised countdown gala that has become more and more extravagant.

Alibaba also hosted a star-studded gala enlisting tennis star Maria Sharapova and American rapper Pharrell Williams to pump sales, Bloomberg reported. As of this writing, Jiang Xiao Bai is offering 28 limited sets of a "lifetime supply" of baijiu for ¥11,111 ($1,672).

But tomorrow, no matter what convention you adopt for writing the day and the month, it will be 11.11.

Recommended:

  • Colts cornerback Vontae Davis out against Steelers

    Colts cornerback Vontae Davis out against Steelers

    Even if he is out for the rest of the season, Davis is still a talented player on the defensive side of the football. Then he hurt his groin, missed more than a month and never quite got back to where he wanted to be.
    Apple's Newest iPhone Update Finally Fixes That Annoying Autocorrect Bug

    Apple's Newest iPhone Update Finally Fixes That Annoying Autocorrect Bug

    What are your thoughts on Apple releasing the new iOS 11 .1.1 update for users affected with keyboard autocorrect issue? With the release of the update , that workaround should no longer be necessary.
    Kentucky doctor pleads not guilty to assault of Sen. Rand Paul

    Kentucky doctor pleads not guilty to assault of Sen. Rand Paul

    Rene Boucher pleaded not guilty Thursday to charges of assaulting his longtime neighbor while Paul was mowing his lawn last week. Boucher's lawyer said Monday that the attack was "a very regrettable dispute" that was "trivial".
  • 'Sepp Blatter sexually assaulted me,' says former USA  goalkeeper Hope Solo

    'Sepp Blatter sexually assaulted me,' says former USA goalkeeper Hope Solo

    Her claims were made to the Portuguese newspaper Expresso during an event in Lisbon to discuss equal pay and women's equality. I didn't get to tell him directly, 'Don't ever touch me!' That's the way I've always handled things.
    SC hear plea for probe into medical admission scam

    SC hear plea for probe into medical admission scam

    He also said that the allegations made by some lawyers against the Chief Justice should be treated as contempt of court. It directed the CBI to produce these documents in sealed cover before Constitution Bench on the coming Monday.
    National Football League  expects Goodell contract extension to be finalized soon

    National Football League expects Goodell contract extension to be finalized soon

    It's hard to feel bad for Roger Goodell , a man that has made more than $200 million as National Football League commissioner. Thanks to that, it is another week of more reports stating there's a rift between Jerry Jones and Roger Goodell .
  • Veterans Get A Special

    Veterans Get A Special "Thank You" From Elementary Students

    Belicek added that the ceremony shows students to always have respect for the veterans and what they have done. The program was concluded with a special thank you to veterans for their dedication, service, and sacrifice.
    Ex-news anchor whose girlfriend was killed on live TV wins election

    Ex-news anchor whose girlfriend was killed on live TV wins election

    At a victory speech on Tuesday evening, Hurst thanked voters and said it was a time of tremendous opportunity for his district. Hurst and Parker had been dating for nine months and had just moved in together at the time of her death.

    Colombian police seize 13 tons of cocaine in massive drug bust

    According to the global organization, Colombian coca farmers grew enough coca to produce more than 850 tons of cocaine in 2016. Additionally, the government is targeting the groups that use drug trafficking either for criminal or political purposes.
  • Noticeable Price Moves: JC Penney Company, Inc. (JCP)

    Noticeable Price Moves: JC Penney Company, Inc. (JCP)

    This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell. Penney Company, Inc. 28,422,477 shares of the company traded hands, compared to its average volume of 19,062,703.
    Bio-engineered mosquitoes can stop spread of dengue, zika and yellow fever

    Bio-engineered mosquitoes can stop spread of dengue, zika and yellow fever

    Targeting the mosquito population of an entire city would require the weekly production of millions of the special mosquitoes. The idea is that infected males will mate with females, and the Wolbachia strain will prevent the offspring from surviving.
    Odd-Even formula in Delhi from Nov 13 to 17 to curb pollution

    Odd-Even formula in Delhi from Nov 13 to 17 to curb pollution

    According to the policy, private vehicles are allowed to run based on the last number of their licence plates. Like previous year , cars driven by women, CNG-run cars and two-wheelers would be exempt from the scheme.


Popular

Russian parliament mulls response to United States move on RT
Simonyan said on RT's Russian-language website that "between such consequences and registration as a foreign agent, we are forced to choose registration".

Three students injured in France after man 'deliberately' rams group with auto
Two students at a French school have been badly injured in a vehicle attack, according to local media. The three injured, one male and two female, are all at their early 20s, said the consulate.

Kulbhushan Jadhav to finally meet his wife in Pakistan
The army chief had earlier confirmed Jadhav's death sentence after a court martial found him "guilty of all charges". However, the International Court of Justice (ICJ) stopped Pakistan from carrying out the punishment on May 18.

Harry Potter to come under augmented reality spell
Despite previously denying that it had any plans to make a Harry Potter AR game, Niantic has partnered with Warner Bros. Details on the game are pretty scarce, so it's not clear what the game will involve or what its mechanics will be.

2x Called Off: Bitcoin Hard Fork Suspended for Lack of Consensus
On the one hand, the hardfork was meant to solve a problem with mining difficulty levels for Bitcoin Cash . The Bitcoin community welcomed the cancellation of Segwit2x with a huge price spike.

Tata Motors Reports Three-Fold Rise in Q2 to Rs 2483 Crore
The second-quarter retail sales at JLR grew 5% to 1.49 lakh units, with its top market China clocking an increase of 27%. The company said it plans to spend 4 billion pounds in JLR this fiscal year to boost capacity and launch new products.

Jinder Mahal addresses rumors about reason he lost the WWE Title
Previously, Styles held the WWE Championship for 140 days until losing it to John Cena in January at the Royal Rumble . Tuesday on SmackDown , AJ Styles ' shocking triumph over Jinder Mahal sent waves of elation thought the WWE Universe.

Top SmackDown Stars Sent Home From European Tour
A story broke earlier today that Kevin Owens and Sami Zayn were sent home from WWE 's Europen tour for disciplinarian reasons . The incident came when Owens and Zayn did do what they were told to do following Zayn's singles match against Kofi Kingston .

That naked auto crash in Edmonton was actually a kidnapping
A police statement said: 'The RCMP believe that this was a targeted incident and that all parties were known to each other'. When authorities responded to a auto accident on Monday in Alberta, Canada , they found a carload of naked people.

Kentucky posts its highest-ever NCAA graduation rate
At 88 percent, Georgia Tech's GSR surpasses the Division I average of 87 percent, which is also an all-time record. The Hokies' 86 percent GSR in football ranked fifth in the ACC and first among public universities in the league.