SINGLE'S DAY news and archive

China's 'Singles Day' shopping bonanza loses its lustre

China's annual "Singles Day" sales bonanza wraps up at midnight on Saturday, but consumers this year appear largely unswayed by its flashy deals and discounts as the world's second-largest economy slows. Conceived by tech giant Alibaba, "Singles Day" -- which this year spanned well over a week -- was launched in 2009 and has since ballooned into...

Business

China's 'Single's Day' shopping fest subdued by tech crackdown

Shanghai - China on Thursday held a subdued version of its annual "Single's Day" shopping spree, shorn of the usual boasting on sales volume as the country's chastened e-commerce sector kept a lower profile amid a government crackdown on platforms such as those operated by Alibaba. The world's biggest shopping festival has for years been...

Retail

Single's Day: The world's largest shopping holiday begins

The world's largest online shopping bonanza began in China Wednesday with an army of workers and robots primed to sort packages, and international superstars hired to drive sales, on "Singles' Day". Conceived as an antidote to Valentine's Day, the event falls on the eleventh of the eleventh -- with all its ones -- and was meant to be an occasion...