China’s Singles’ Day online discount sales bonanza on Saturday saw bargain-hungry buyers spend over $38 billion, flooding the postal and courier businesses with around 331 million packages - and leaving an estimated 160,000 tonnes of packaging...
China’s online-retail giant once again broke its sales record on the shopping day it helped create
Sales this 11/11 are expected to reach $20 billion–-a 40% year-over-year surge
China is quickly becoming a nation of singles.
“Double 11 is a really big part of my calendar.”
Last year 27,000 merchants joined and Alibaba’s sites grossed £6.1b.
Prime Day is "Amazon's effort to try and capture the magic that Alibaba has captured with its November 11 Singles' Day promotion," said Kevin Carter, founder of EMQQ
