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HISTORY OF CHINA SINGLES DAY
Singles day is a Shopping Festival in China
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When did Singles Day began in China
Singles Day began at Nanjing University on 11/11. The idea behind choosing the date was that it is made up of four “ones” or for single numbers (as it was started by four single men). The name for the day literally translates from Chinese as “Four Sticks Day”.
Why did Singles Day as a shipping festival in China
Drawing inspiration from American Black Friday, Alibaba CEO Daniel Zhang, sees an opportunity with Single’s Day, sparking a trend that has surpassed Cyber Monday in single-day transactions,other shopping websites soon followed suit.
What are the achievements of the Singles Day
Alibaba Sets World Record for shopping
With a whopping $25.3 billion in sales in just 24 hours, Chinese retailer Alibaba sets a world record on this frenzied day of consumption and consumerism.
What is the impact of the Singles Day on the world
Singles’ Day is no longer just a day to celebrate singlehood. It also represents the international and influential consumer power of China, its ever-growing economy, and the affluence across the country.
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