Fall is the season of golden leaves, pumpkin spice, crisp air and...sales! And the biggest sale of all takes place right here in China. You might be familiar with Black Friday, but do you know about its bigger, better Chinese counterpart?
Singles’ Day is China’s—and the world’s—largest shopping holiday. Called shuang shi yi (“double eleven”) in Chinese, Singles’ Day is right around the corner, on November 11.
Alibaba, the Chinese e-commerce giant behind Taobao and Tmall (and therefore, Baopals), created the unofficial Singles’ Day shopping holiday in 2009. Singles’ Day is on November 11 because there are four 1s, representing being single, in the date 11/11. It is a day to celebrate your individuality, and treating yourself to nice stuff!
According to CNBC, Singles’ Day 2019 GMV stood at 268.4 billion yuan ($38.3 billion) —a 27% increase from the previous year.