Alibaba is a Chinese company, so is JD.com.
On 11-11 each year they have a shopping event called "Singles Day" I had never heard of it.
In 11 days, JD.com did 50% more business than our 3 biggest shopping days, combined. (Black Friday, Cyber Monday, Amazon Prime Day) And Alibaba sold 35 BILLION more than JD.com. Yikes!
Chinese tech giant Alibaba raked in a whopping $84.5 billion in sales during its annual 11/11 Singles Day shopping extravaganza.
This year’s numbers blew away the company’s 2020 sales of $74 billion, despite Alibaba facing regulatory scrutiny at home, and the pandemic-driven global supply chain crunch.
The largest shopping event in the world, Singles Day dwarfs Amazon’s Prime Day, Cyber Monday, and Black Friday combined, which came in at about $30.7 billion.
Some 290,000 brands participated in Alibaba’s shopping festival, which began on Nov. 1 and ran through Nov. 11. Alibaba rival JD.com said it pulled in $48.7 billion just before the end of the shopping day in China.
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The Grandsons On Veterans' Day
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