Alibabas annual Singles Day shopping celebration has shifted its tone this year as the retail giant pushes sustainability over the usual mammoth sales after calls from Beijing for common prosperity reports ReutersIn 2020 Alibaba expanded what it named the worlds biggest online shopping festival from a one-day November 11 event into a 11-day bonanza with celebrity. Consumers can expect the largest discount of the year during Double 11 while businesses expect a significant portion of annual revenues from this shopping.
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Advertisement to promote Alibabas Singles Day shopping festival in Shanghai China November 1 2021.
Singles day alibaba 2021. 20 officially kicked off its 13th annual 1111 Global Shopping Festival known as Singles Day. Another major annual shopping festival in China is 618. Alibabas online retail platforms set a record 4982 billion yuan US74 billion in gross merchandise volume during Singles Day last year up from 2684 billion yuan in the same period in 2019.
Singles Day Festival is a global shopping event initiated by Alibaba and adopted by other e-commerce platforms and retailers. 11 Nov 2021 1224AM. Double Eleven Double 11 1111 or 11 Nov aka.
REUTERSAly Song 11 Nov 2021 1214AM Updated. Alibaba on Oct. 1 day agoFILE PHOTO.
A record 290000 brands are participating according to Alibaba and will offer more than 14 million deals to over 900 million Chinese consumers. Alibaba Groups annual Singles Day shopping spree is set for its most sober tone ever this year as the retail giant preaches sustainability rather than hyping the.
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