We’re only a few days away from the world’s biggest shopping bonanza, when hundreds of millions of people in China jump onto the web and buy billions of dollars worth of stuff in a 24-hour period. It’s way bigger than America’s Black Friday and Cyber Monday – combined.
In China, this shopapalooza is called Singles Day. It’s on November 11. Alibaba’s marketplaces have discounts and pretty much every rival site has sales too. It’s the craziest day in China’s huge ecommerce market, which is tipped to hit about US$911 billion in spending during the course of this year.
How did China’s Singles Day start out? How on earth did it become so massive? Our comic explains all.
Artwork by Tech in Asia’s Kathrinna Rakhmavika.
This post was first published November 2015; the text and infographic are now updated with the latest data.
This post What everybody needs to know about China’s biggest online shopping day (Infographic) appeared first on Tech in Asia.
from Tech in Asia https://www.techinasia.com/china-biggest-online-shopping-day
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