Single’s Day used to be the chagrin of Chinese adults who are still single, though the identification of November 11th as the day for singles is because it is 1 1 1 1 (all ones). Recently the day has turned into a shopping craze with promotions and chaos. As noted in the NY Times, Alibaba, China’s largest e-commerce company, processed $5.75 billion on Monday – the largest single day record on earth. In the first hour of the day 24% of the orders on TMall and other Alibaba e-commerce sites were initiated from smartphones. Xiaomi, the low-cost, high-profile smartphone company, sold more than 200,000 smartphones in less than 3 minutes according to a news item cited by Tech in Asia. The Chinese are embracing consumerism like never before.
Cristian Agafitei2013-11-16T09:58:09-08:00November 13th, 2013|Categories: China|
ChinaJoy 2021 report
August 9th, 2021 | 0 Comments
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