Monday, 13 November 2017

Singles Day

Now in its ninth year, the day is officially called the 11.11 Global Shopping Festival. 11.11 stands for the 11 November, when it is held. The two numbers were chosen to symbolise the wishes of single people to be in a relationship, as two elevens next to one another appear like two couples. It was originally a non-commercial festival started by male college students who didn't have a girlfriend. They created a day to get together to celebrate bachelorhood. But the Chinese retailer Alibaba caught on to it and has turned it into the largest online shopping day in the world. Alibaba says more than one million retailers worldwide took part this year, including US department store Macy's. Alibaba says this year's sales amounted to $25.3bn (£19bn), $7.5bn more than in 2016. Only half way into this year's Singles Day, sales had already surpassed last year's total.