Singles’ Day sales in China is about $38.4 billion. Alibaba is on top, breaking last year’s record.
A country’s biggest online shopping company breaks its own last year’s record.
Alibaba collects $38.4 billion in a single day on Single’s day, which is an increase of about 25% over last year’s $30.8 billion.
Jeffrey Halley, senior market analyst for the Asia Pacific at Oanda saying that “deeply discounting prices always bring consumers out to play, no matter how bad the economy might be.”
Alibaba’s chief marketing officer Chris Tung told that “We continue to feel very confident about the growth potential of the economy.”
Single’s day is an informal, anti- Valentine’s Day holiday in China, people celebrating who aren’t in relationships.
Its date, November 11(11/11), was chosen because of the date with four ones (singles).
Wow, it’s interesting. In India, many of us were single’s and we celebrate single’s day on Feb 2nd.
Also, it’s better to announce it as a government holiday, So that we can celebrate peacefully.
You may wonder, why I am showing this much interest in this because I belong to a single community for so many years. So, I want to get recognition for my community. That is why.
Hope if you are single, will have this feeling too. So, share this post with all singles you know and make single’s proud.
