Alibaba launches Singles Day online sales as Chinas economy recovers from coronavirus pandemic [Video]

People attend Alibaba Group's 11.11 Singles' Day global shopping festival at a media center in Hangzhou, China, on Nov. 10, 2020.

ALY SONG/Reuters

Chinese consumers are expected to spend tens of billions on everything from fresh food to luxury goods during this year’s Singles' Day online shopping festival, as the country recovers from the pandemic.

The shopping festival, which is the world’s largest and typically begins in November, is an annual extravaganza where China’s e-commerce companies, including Alibaba, and Pinduoduo, offer generous discounts on their platforms.

By 11:30 a.m. Eastern Daylight Time on Wednesday, consumers had already spent 372.3-billion yuan (US$56.3-billion) on Alibaba’s Taobao and Tmall e-commerce platforms since the company kicked off the shopping festival on Nov. 1.

Story continues below advertisement

Rival also reported cumulative sales of 200-billion yuan (US$30.2-billion) since Nov. 1, nine minutes after the clock struck midnight on Wednesday.

China’s Singles Day, created by e-commerce giant Alibaba, has set new sales records year on …

Watch/Read More


UPS Reportedly Tells Drivers to Stop Picking up From Major Retailers Amid Pandemic-Amplified Holiday Surge [Video]

UPS has reportedly told its drivers to stop picking up from major retailers amid a surge in holiday shopping that is amplified by the coronavirus pandemic. According to The Wall Street Journal, the outlet obtained an internal message that ordered drivers are not to pick up from a handful of [...]

Ecommerce In this footage, hens advance upon an Amazon driver, who makes a fast exit. The hens pursue him to the driveway, then stand guard lest he return.