China-based online retailer Alibaba generated $74B during “Singles Day” this year, nearly doubling last year’s total. Singles Day is an unofficial Chinese holiday (established in 2009) that has grown to become the world’s largest shopping event (significantly outpacing estimated sales from Black Friday and Cyber Monday in the US).
The New Paper
This story is from the November 12, 2020 edition of The New Paper – a clear, concise daily briefing that makes fact-first news easy to consume. Try it today.
