Singles

Cupid's Singles Day arrow is way off target for weary Chinese shoppers

Cupid’s Singles Day arrow is way off target for weary Chinese shoppers

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Singles’ Day has drawn a lukewarm response from Chinese shoppers this year, the latest indication that consumers and retailers in the world’s biggest market remain spooked by Xi Jinping’s zero-Covid policy and crackdown on excess. Jack Ma’s Alibaba Group has spent years making November 11 the biggest retail event on the planet, enlisting the services …

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Singles' Day Sales in China Could Surpass 1 Trillion Yuan Even as Economy Cools | CNN Business

Singles’ Day Sales in China Could Surpass 1 Trillion Yuan Even as Economy Cools | CNN Business

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hong kong CNN Business — Singles Day in China, the largest in the world annual trade event, is known for regularly breaking sales records. This year’s windfall, which ends Friday and is led by internet titans Alibaba (BABA) and JD.com (JD), is likely to be no exception: first time. Singles Day typically eclipses two of …

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