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
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’
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