A sign promoting Alibaba Group Holding’s 11.11 Singles’ Day online shopping event at the company’s headquarters in Hangzhou on Wednesday. Photo: Bloomberg
A sign promoting Alibaba Group Holding’s 11.11 Singles’ Day online shopping event at the company’s headquarters in Hangzhou on Wednesday. Photo: Bloomberg
Alibaba

Singles’ Day posts record haul despite slower pace, as China’s antitrust moves dampen world’s biggest online shopping event

  • This year’s Singles’ Day was weighed down by China’s slowest economic expansion pace in decades, as growth slowed to 4.9 per cent in the third quarter
  • This year, Tmall issued 100 million yuan worth of ‘green vouchers’ to encourage purchasing decisions that ‘contribute to an environmentally friendly lifestyle’

Topic |   Alibaba
A sign promoting Alibaba Group Holding’s 11.11 Singles’ Day online shopping event at the company’s headquarters in Hangzhou on Wednesday. Photo: Bloomberg
A sign promoting Alibaba Group Holding’s 11.11 Singles’ Day online shopping event at the company’s headquarters in Hangzhou on Wednesday. Photo: Bloomberg
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