Dec 17, 2018

Shoppers spent a record $30 billion on Alibaba for Singles Day this year: Treat

Shoppers spent a record $30 billion on Alibaba for Singles Day this year: Treat. Yo. Self.Image: Mark Lennihan/AP/REX/Shutterstock By Alexis Nedd2018-11-11 19:00:05 UTC Never underestimate the power of single people buying themselves stuff.  Chinese e-commerce giant Alibaba reported its highest individual sales day ever on Singles Day, an informal holiday dedicated to people who aren't in relationships.  Singles Day is on 11/11 (see all those "1"s? they symbolize being alone) and has become in recent years a bigger Chinese shopping day than Black Friday or Cyber Monday. Alibaba was a pioneer in offering discounts on the holiday, and their sales are promoted with a live TV show advertising the discounts available on the website.  This year, the sale brought in $30 billion for Alibaba, compared to $25 billion in 2017 and $17.8 billion in 2016.  One wonders if the marketing is getting better or if there are just way more people looking for a Single's Day treat in these lonely times.  (Why?) http://dlvr.it/QtmphD
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