• Singles Day trumps Black Friday, Cyber Monday combined
  • Alibaba sales hit $25 billion vs $17.8 billion in 2016
  • Passed $1 billion in two minutes, $10 billion in just over an hour
  • More use of technology, fewer deals
  • 104835461-RTS1JDT7-singles-day.600x400

Source: Reuters, https://www.cnbc.com/2017/11/11/singles-day-china-shopping-festival-smashes-record-at-the-halfway-mark.html, https://www.cnbc.com/video/2017/11/10/buying-baba-on-singles-day-3-trades.html,

 

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