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Explainer: Why do millions of people choose to shop online on November 11?

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Chinese workers sort through boxes of goods at a delivery company in Lin'an, Zhejiang province on November 11, 2016. Chinese shoppers spent more than US$1 billion in the first five minutes of Singles’ Day on November 11, according to e-commerce giant Alibaba. Photo: AFP
Amanda Lee

What is Singles’ Day?

Singles’ Day, marked as a calendar item every November 11 since 2009, is promoted by Alibaba Group Holding as a 24-hour shopping gala, where hundreds of thousands of brands from China and around the world offer steep discounts on its Taobao market place, and Tmall online stores. Alibaba owns the South China Morning Post.

How did it start?

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The first Singles’ Day event was launched in 2009. The initial idea was to promote Taobao, a marketplace similar to eBay. Alibaba asked taking part retailers to offer at least 50 per cent discount. Only 27 merchants took part in the 2009 sale, reporting 50 million yuan (US$7.5 million) in merchandise sold.

Two years later, Tmall was spun out from Taobao’s consumer-to-consumer marketplace business, and became the go-to store for 70,000 international and Chinese brands. Alibaba’s mobile payment affiliate Alipay set a record for the highest daily number of transactions, at 33.69 million.

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Why is it a big deal?

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