广东11选5任三计划 www.sxva.net China's annual shopping frenzy shatters records again
SHANGHAI (AP) -- Online shoppers in China have shattered last year's record by making $30.8 billion in sales on the country's annual buying frenzy Sunday, as the tradition marked its 10th year.
The spending binge has for years eclipsed Cyber Monday in the U.S. for online purchases made on a single day.
This year's tally was 27 percent higher than a year ago. It breaks from gloomy forecasts about the world's second-largest economy, which is struggling with a tariff war with the U.S., a stock market slump and slowing overall growth.
A massive screen at Alibaba's gala in Shanghai showed the surging sales numbers in real time. Just before 4 p.m. Sunday, the sales reached 168.2 billion yuan ($24.2 billion) — surpassing the total purchases from last year's Singles Day, according to figures posted online by Alibaba Group.
At the end of the 24-hour spree, Alibaba reported sales totaled up to 213.5 billion yuan ($30.8 billion).
Alibaba Group CEO Daniel Zhang said the results reflected "the strength and rise of China's consumption economy."
Singles Day began as a spoof event celebrated by unattached Chinese university students in the 1990s. In Chinese, it's called "Double 11," after the numbers in the month and date. The improvised holiday was co-opted by e-retailers in 2009 and transformed into China's version of Cyber Monday, as the Monday after Thanksgiving is known.
Nearly $6.6 billion in sales were made on Cyber Monday in 2017, up about 17 percent from the previous year, according to Adobe Analytics.
Ren Xiaotong, a 27-year-old accountant in Beijing, said she suspected online stores jacked up their prices in the lead-up to Singles Day so they could declare that items were discounted. But in the end, her skepticism didn't stop her from partaking.
"Singles Day is different now — it has more tricks than before," Ren said. "You only save a few dozens of yuan at the end. That being said, I still bought a pair of shoes, simply to celebrate the festival."
The Twitter-like Weibo platform was blanketed with Singles Day-related posts on Sunday, from users proudly proclaiming that they had resisted the shopping urge this year to those who cheerfully listed an array of mundane purchases.
Alibaba founder Jack Ma, who will step down as chairman in less than a year, attended the start of the gala in Shanghai and appeared in a video message in which he wrapped up live hair crabs, a popular online purchase.
Singles Day "is not a day of discounts, but rather a day of gratitude," Ma said in the video. "It's when retailers use the best products and best prices to show their gratitude to our consumers."
译文来源：三泰虎 //www.sxva.net/46486.html 译者：Jessica.Wu
Ray288Aj218 hours ago
Just how great of a deal is Alibaba offering and why can't Walmart do the same ?
Commenter19 hours ago
Singles day sales are bigger than Black Friday in the US. Just shows you how strong the Chinese economy and the purchasing power of the people are.
Michael17 hours ago
You clearly don’t have a job or interesting life for that matter if all you can do is hang out on yahoo all day making a ton of comments.
Huwei sold million of cellphones in a few days. Communist Party of China achieved unprecedented prosperity for hundreds of millions people. Amazing
Kirk13 hours ago
In the meantime, Trump's propaganda machine is spreading false news about the doom & gloom of the Chinese economy.
s6 hours ago
" Singles Day encourages shoppers to prioritize cheap prices over high quality, causing them to purchase items they don't need."
In North America we buy only high quality items we need and not want.
MasterModa18 hours ago
We Chinese now enjoy spending money, that is bad for American coz we will have less to buy your treasure bill and bonds, so which other country can still finance your budget deficit
UkroReich17 hours ago
No further proof needed that multi-polar world is back. Russia-China-India alliance owns Asia, the most important region of the world. Only occupied Japan is forced by American occupants to stay away from BRICS,
Malcolm63613 hours ago
Thanks to Trump's tariff fiasco, market share for American manufacturers is down, however. More WINNING, LOL.
Man Kong15 hours ago
China is struggling with a tariff war with the U.S., a stock market slump and slowing overall growth. People should be scared spending money and the purchase power of the people should get a down fall out of the trade war that Pres. Trump has said to win it easily. Fake news.
Go Green15 hours ago
Amazing and wonderful , when let people wisdom free to convert to innovation , this happens ..Today China has become one of the key world economy engine that contribute to 30% of world economy growth ..win win win for all ..
Jerry19 hours ago
CHINA GOT ITS WEALTH FROM USA
bob14 hours ago
Not everything is going so well in China. Look at the optics. The so called singles day annual sales growth rate fell from 39 percent to 27 percent, at the low end of analyst estimates, and the smallest rate in the event's 10-year history.
Propaganda is a strong force in China and they are the masters of fake news.
UkroReich13 hours ago
Meanwhile American regime working hard to isolate itself from the world.
B18 hours ago
The Chinese only buy things when they are on sale. For the next 12 months of the year, they will buy only food. They are not big consumers of things year round. They only wait until things go on sale to buy them. Americans are still the biggest consumers of products In the world. We shop year round alot more than the Chinese do.
whodo19 hours ago
Total BS, com-nist Chinese propaganda. Tariffs are hurting them badly. They will come begging for relief soon