Singles’ Day: Chinese Shoppers Spend $139 Billion During Festivities, Breaking Last Year’s Record
Chinese shoppers spent $139.1 billion during this year’s annual Singles’ Day shopping extravaganza, breaking last year’s record even though spending slowed during the coronavirus pandemic. Alibaba tallied CNY 540.3 billion ($84.5 billion) in spending over the festival that spanned November 1 to November 11, the company said Thursday, a growth of 14 percent compared to a nearly 93 …