Singles Day

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Retail Asia20/11/2017

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China’s Singles’ Day online discount sales bonanza on Saturday saw bargain-hungry buyers spend over $38 billion, flooding the postal and courier businesses with around 331 million packages – and leaving an estimated 160,000 tonnes of packaging waste. The annual Nov. 11 buying frenzy is a regular fillip for giant online retailers like Alibaba and JD.com, […]

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Retail Asia15/11/2017

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the frenzied annual celebration of consumption and commerce that is China’s much larger version of Black Friday — began as a protest of sorts against Valentine’s Day, propelled by college students in the 1990s. The event’s date, written numerically as 11/11, was associated with unattached singles, known as “bare sticks.” This year’s shopping festival entered […]

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Retail Asia14/11/2017

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Alibaba, the Chinese e-commerce giant, said on 11 November 2017 its Singles’ Day sales extravaganza hit $25.4 billion, smashing its own record from last year and cementing it as the world’s biggest shopping event. Once a celebration for China’s lonely hearts, Singles’ Day has become an annual 24-hour buying frenzy that exceeds the combined sales […]

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Retail Asia09/11/2017

Three days out from China Singles’ Day, retail experts are predicting Alibaba’s annual e-commerce sales event will continue to set records. With the Chinese online giant expanding it to a 24-day shopping and entertainment bonanza, the global marketing hype is likely translate to record cross-border e-commerce demand, according to marketing research company eMarketer Retail. Global […]

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Retail Asia08/11/2017

Worldpay, a global leader in payments, is predicting another record-breaking China Singles’ Day for businesses around the world, as the eCommerce extravaganza goes global. New data from Worldpay reveals that last year’s event grew by 39% globally1, with sales outstripping Black Friday by 137%.2 Online shopping activities peaked at 17.24 GMT3, at which point Worldpay […]

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Retail Asia06/03/2017

One in four Crocs stores will be closed globally as the maker of the world’s ugliest shoes plots a survival plan. The store cull was announced along with another quarterly loss: the shoemaker finished its last three months US$44.4 million in the red, albeit a better performance than the same period a year earlier when […]

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Retail Asia16/12/2016

About 17 per cent of discounts offered during China’s multi-billion-dollar Singles’ Day online sale event were not real, claims a state-backed consumer group. It is calling on the government to intervene and punish platforms and merchants for promoting fake Singles’ Day discounts. Alibaba and Amazon are among companies the Chinese Consumers Association (CCA) alleges are […]

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Retail Asia23/11/2016

Singles Day is no longer just about Alibaba. It’s more like Black Monday or Christmas, a nation-wide shopping event, covering everybody looking for great deals, not just the singletons, as it was originally conceived. Alibaba founder Jack Ma said last year that his dream was to extend this shopping extravaganza beyond China, and establish a […]

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Retail Asia15/11/2016

Alibaba Group Holding Ltd. says sales from its massive Singles Day shopping event totaled $17.8 billion, up more than 24% from the record $14.3 billion sold last year. (This year’s total is RMB 120.7 billion, up 32% year-over-year due to fluctuations in the Chinese currency.) The most popular U.S. brands as of about 10:30 p.m. […]

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Retail Asia15/11/2016

Chinese e-commerce giant Alibaba Group has tallied more than US$1 billion in the first five minutes and US$5 billion in transactions in the first hour of its annual Singles Day sales blitz. That means China’s 2016 Singles Day shopping fest—aka Shuangshiyi or Double Eleven, since it takes place each November 11—retains its title as the world’s biggest online […]

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Retail Asia14/11/2016

Alibaba Group says more than US$7 billion (RMB 47.5 billion) of gross merchandise volume (GMV) was settled through Alipay on Alibaba’s China and international retail marketplaces within the first two hours of the 2016 11.11 Global Shopping Festival. And more than $1 billion was transacted in the first five minutes – from 12 midnight. “Chinese […]

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Retail Asia12/11/2016

I recently got back from Engine’s Asia offices, where everyone was buzzing with excitement about this shopathon concept. This 24-hour shopping day is the Chinese equivalent of Cyber Monday. It started in 2009 by ecommerce giant Alibaba and has evolved into the biggest online shopping day of the year – raking in $14bn in 2015 with mobile purchases accounting for 75% […]

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Retail Asia12/11/2016

China Singles Day is an entertaining festival widespread among young Chinese people, to celebrate the fact that they are proud of being single. To celebrate these singletons like to shop, for some reason. Regardless of motive, the opportunities an event like this presents is vast, and global retailers should be taking advantage. Delivering an effective […]

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Retail Asia10/11/2016

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Alibaba’s Singles’ Day – now dubbed 11.11.Global Shopping Festival – is set to expand into international territories for the first time this year. The online retail giant founded by Jack Ma plans to use the celebrations around the event and its catalogue of data to target shoppers in Hong Kong and Taiwan. Next year, Alibaba […]

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Retail Asia08/11/2016

Legendary Los Angeles Laker Kobe Bryant will join Katy Perry as the headline celebrities in Alibaba’s 11.11 Countdown Gala Celebration on November 10. US pop-rock band OneRepublic has also been confirmed, likely to perform its hit song Counting Stars Alibaba had earlier named Katy Perry as a “global ambassador” for the gala, which is being […]

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Retail Asia03/11/2016

Despite its already significant scale, Alibaba continues to grow rapidly, thanks in part to its acquisitions of Chinese video site Youku Tudou and e-commerce business Lazada. Much like Amazon, the e-marketplace’s success this quarter was tethered by strong support from its cloud computing operations, which increased 130% year-over-year to RMB1,493 million (US $224 million). “Beyond the […]

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Retail Asia24/10/2016

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Alibaba Group has started the clock on the Global Shopping Festival it will hold on November 11, which is known as Singles Day in the Chinese market where it dominates online shopping. The retailer, which trades through marketplace sites including Alibaba.com and TMall, has unveiled its plans for a festival that’s set to include a […]

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Retail Asia08/02/2016

Going into this quarter the main concern for Alibaba was that a slowdown in Chinese economic growth would damage its performance. Fortunately, this has not materialised with very solid uplifts in its Chinese retail marketplace proposition underpinning a respectable 32 per cent rise in overall revenues. Some of this uplift was undoubtedly aided by the […]

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Retail Asia04/12/2015

On top of seasonal sales and occasional promotions, major South Korean retailers have been holding a series of big discount events since summer to create an intense, promotion-heavy atmosphere through the Christmas season and beyond. The discount binge has indeed given a fillip to consumer spending here, but market watchers question its long-term effect as […]

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Retail Asia23/11/2015

While consumers reaped the rewards on Singles Day, at least one retail consultant is questioning the damage done by the US$14 billion 24-hour spendathon. “The clear winners are consumers, marketplaces and couriers and delivery companies,” explains Richard McKenzie, partner with Oliver Wyman. “However, for sellers and brand owners, the picture is less clear. “While the […]

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