Chinese spend billions on Singles’ Day
Chinese shoppers unleashed a record deluge of cash online for Singles Day on Friday, Alibaba said, spending more than $13 billion with the e-commerce giant in the world’s biggest online shopping promotion.
Singles’ Day — named for the repeated digit 1 in the date November 11 — was created by Alibaba in 2009.
Now in just 24 hours it surpasses the main US online spending spree, the five days from Thanksgiving to Cyber Monday.
Gross merchandise volume, Alibaba’s key measure of online sales, had overtaken last year’s total of 91.2 billion yuan ($13.4 billion) by 3:20 pm (0720 GMT), the firm said — with more than $1 billion spent in the first five minutes.
1 hour ago
Keep in mind that China has three times as many people as the U.S., so comparing what they spend compared to what we spend is irrelevant..
2 hours ago
I don’t believe any yahoo news media
50 minutes ago
That is certainly very capitalist-like of them
28 minutes ago
wow…nice!!! FREE RETURN….so expect $12.9 billion will be returned
1 hour ago
I bet they sure missed Katy Perry.
他们肯定想念凯蒂·佩里（Katy Perry）（三泰虎注：凯蒂·佩里 Katy Perry，1984年10月25日出生于美国加利福尼亚州圣巴巴拉，美国流行女歌手、演员兼词曲创作者）
37 minutes ago
I’m sure many more would have showed up and spent even more if Katy hadn’t cancelled last minute but plenty still did!
11 minutes ago
Perhaps they are just trying to encourage the U.S. to buy more of their products. I for one check where an item is made first. “Made in the USA” is my highest priority
52 minutes ago
They aborted all the girls so now lots of single men. In the USA the liberals aborted them selves into a Trump win.