Comment on Chinese E-Commerce Giants Report Booming Singles Day Sales

Chinese E-Commerce Giants Report Booming Singles Day Sales

(BEIJING) — Chinese e-commerce giants Alibaba and JD.com reported a total of more than $50 billion in sales on Monday in the first half of Singles Day, an annual marketing event that is the world’s busiest online shopping day. Singles Day began as a joke holiday created by university students in the 1990s as an alternative to Valentine’s Day for people without romantic partners.

 

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