Singles’ Day: Chinese to splurge $20bn in world's biggest shopping event

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Chinese e-commerce giant Alibaba reports huge online sales in the annual celebration of lonely hearts

Chinese consumers were expected to spend $20bn in the Singles’ Day shopping splurge that claims to be the world’s biggest shopping event.

In less than seven minutes after midnight on Friday, Chinese e-commerce giant Alibaba said 10bn yuan (US$1.47bn) of products had already been sold through its platforms as consumers indulged the now annual celebration of the country’s lonely hearts.

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Source: china
Link : Singles’ Day: Chinese to splurge bn in world’s biggest shopping event

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