Singles’ Day deals are more complicated, but shoppers are undeterred
Alibaba’s big shopping event broke sales records despite user complaints of spending more time collecting “meow coins” and calculating deposit returns
Every November 11, millions of Chinese internet users are glued to their smartphones as they try to get the best deals of the year on snacks, groceries and electronic devices. But shopping during the world’s largest online shopping event isn’t as easy as it used to be.
Singles’ Day, the shopping event that makes Black Friday look like a yard sale
Tmall is Alibaba’s answer to Amazon in China
(Abacus is a unit of the South China Morning Post, which is owned by Alibaba.)
Some vendors ask users to pay deposits days before November 11 with the promise that the value of deposits will increase when users make the purchase. So a 20 yuan (US$2.85) deposit, for instance, might count as 40 yuan (US$5.71) toward a purchase at checkout. Users can also redeem subsidies with their Tmall points, which they get from past purchases, and get coupons from individual shops.