China's "Singles Day" Is the World's Biggest Online Shopping Blitz

Posted by samzenpus on Monday November 11, 2013 @02:40AM from the got-to-buy-it-all dept.

hackingbear writes "While the Cyber Monday after Thanksgiving is the busiest online shopping day in the U.S., it pales in comparison to China's Singles' Day on November 11, which started out in the 1990s as a protest to Valentine's Day. Sales on Singles' Day last year for Alibaba Group, China's biggest e-retailer, totaled more than $3.1 billion, doubling the $1.5 billion spent by U.S. consumers on Cyber Monday in 2012. This year, Alibaba's two ecommerce sites, Tmall and Taobao Marketplace, are expecting sales of at least $4.9 billion."

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Cyber Monday? by Morris+Thorpe · 2013-11-11 03:23 · Score: 3, Informative

Interesting to see the term used here of all places.
Remember when that term was rolled out in 2005 and we laughed? It was a bad marketing term (I mean cyber-anything went out in the 90's) for an obviously-concocted day. The Monday after Thanksgiving was not the busiest online shopping day of the year at the time. http://slashdot.org/story/05/11/29/135240/cyber-monday-doesnt-exist
And here we are, a few years later....