Singles Day, November 11, has grown into a massive business opportunity in China. Check out the Business Week story on Alibaba and their massive turnover. The Telegraph in the UK provides more background.
While it’s another commercial occasion and therefore open to criticism, I’d be all for it. Anything to attract various sections of society into shop for even a made-up occasion.
In reading the detail Mark it seems it has moved on from Singles day into a massive discount sales day akin to say Black Monday in the US or even Boxing day here. The focus also seems to be on line.
Just show me something that I in little old remote Queensland can get my head around please. Most newsagents are just like me and this tech world is moving tto fast and beyond our grasp.
Carol, don’t read Tech Crunch (tech and tech start up news) it’ll blow your mind.
Tech Crunch is like intellectual porn for tech lovers.