Chinese Singles' Day Eats Cyber Monday For Breakfast

As online retailers in the United States prepare for Cyber Monday, i.e. the biggest online shopping day of the year, China’s largest e-commerce company just recorded the biggest day in its history.

As Statista's Felix Richter notes, on November 11, Chinese Singles’ Day, online shoppers bought merchandise worth more than $25 billion across Alibaba’s platforms (mainly Tmall and Taobao), shattering last year’s sales record in the process.

Alibaba processed 812 million orders within 24 hours and its payment service Alipay handled 1.5 billion transactions during the day, peaking at an incredible 256,000 transactions per second.

Compared to these numbers, Cyber Monday and Black Friday look like celebrations of frugality.

Infographic: Chinese Singles' Day Eats Cyber Monday for Breakfast | Statista

You will find more statistics at Statista

In 2016, total Cyber Monday e-commerce sales in the United States amounted to $3.06 billion with Thanksgiving and Black Friday adding another $3.79 billion to a weekend total of $6.85 billion.

This year’s Thanksgiving weekend will likely bring about another record in U.S. e-commerce history, but it won’t come close to matching China’s largest shopping extravaganza.

Comments

SilverDOG HedgeJunkie Tue, 11/14/2017 - 07:03 Permalink

Regardless of what they are buying;they are.All the jokes above and below amplify the sound of poverty.I have a business and work work work.However, I see so many poor people, and non-consuming consumers.94.5 million out of the work force, the US is in the Greatest Depression already and getting worse.But hey! China ( add joke here ).  

In reply to by HedgeJunkie

Shed Boy Mon, 11/13/2017 - 23:39 Permalink

Happens again next month on 12/12. China is into online shopping big time. Big discounts and free shipping on 11/11 and 12/12. They have us beat in online shopping, it's usually free shipping and super fast delivery. Last year when I was there We bought all new luggage and it showed up at our door in 3 days. Singles day is something the America media tagged on it. 

Midas Mon, 11/13/2017 - 23:44 Permalink

Honestly, I would love for the Chinese to overtake 'muricans as the world's top consumer.  It was never something to be proud of. 

XBroker1 Tue, 11/14/2017 - 00:03 Permalink

In China they post statistics of singles in certain parks, on pieces of laminated paper. It's mostly to move those leftover Chineese women. It's usually the parents and grandparents that do this. I thought singles day was another form of that.

techpriest XBroker1 Tue, 11/14/2017 - 02:12 Permalink

If its anything like the Chinese women I know, those parents pushed their (grand)daughter way too hard on studying and career, and now that she's so successful there, they suddenly flip to "get a husband and have a baby!" somewhere in the 26-28 range. But since she was never allowed to do anything but study, this kind of change is not so easy to do.

That is a pretty extreme example, but I've seen varying levels of it.

In reply to by XBroker1

css1971 techpriest Tue, 11/14/2017 - 04:27 Permalink

Women are hypergamous,  most will only consider a partner who is at least as well educated, wealthy as they are. So the higher up the ladder they climb the fewer potential partners are acceptable. However men are not, so the higher they climb the more potential partners are available and so women who delay picking a partner past theIr peak fertility in favour of a 'career',  end up competing with younger prettier women who didn't.=> The future is cat-ladies. Go long cat food.

In reply to by techpriest

techpriest 3-fingered_chemist Tue, 11/14/2017 - 00:26 Permalink

It come from Chinese numerology. 11/11 is all 1s, which means "alone." Hence Singles Day, which is kind of an anti-Valentines. 6/6 is a good luck day, and 8/8 is good financial luck day (888 = money). Some of the numbers are based on sounding similar to other words: the famous one is 4, which sounds the same as the word for death.

I'm not sure how it ties with online shopping, other than that it might be popularized as a shopping day.

In reply to by 3-fingered_chemist

Dr. Bonzo Silver Savior Tue, 11/14/2017 - 03:05 Permalink

Lemme see.... digging ditches for Mao with a gun to the back of the head; little Red Guard asswipes running around ratting out all the adults as traitors and human scum... off to the reeducation camp to be whipped like a dog and starved to death with 20-hours of daily forced labor.... or.... shopping online. Oh no, we have to protest too much because Tyler Durden says consumerism deprives life of meaning. LMFAO..... Gotta go with Door # 2 Alex. Tyler Durden can shove it up his ass.

In reply to by Silver Savior

ali-ali-al-qomfri Tue, 11/14/2017 - 00:43 Permalink

Singles Day;celebrating the time when you could only have a single child,who has grown up to detest their miserable life living in a communist nightmare with total surveillance and online tracking and zero freedom.No, the other one.  

HRClinton Tue, 11/14/2017 - 03:39 Permalink

Because Americans are still fairly individualistic, they cannot realize shopping savings that people in China do.Over there, entire groups of families descend on a store and haggle for the rock-bottom price, by buying in GROUP BULK.  They then divide it up among themselves, and save waaaay more than they could by any other method (timing or shopping around and wasting time, energy and gas).The other way they save, is that they do not pay for Designer brands at designer prices.  They pay Chinese prices for Designer products.  Full price is for dumb Americans and vain Europeans.  This pisses off (((US Merchants))), who want the Chinese to pay them American prices also for their logos and brand names.

qomolangma HRClinton Tue, 11/14/2017 - 07:48 Permalink

There is no such "Designer brands" in my purchase practices. I buy stuffs based on best value for money! I pay attention on quality, design, and functionality then the price, in consideration to my needs. I can care less the brand name, let alone the so-called "Designer brands". IMO it's really dumb to pay rigged price for the brand name itself!!

In reply to by HRClinton

Dr. Bonzo KennyW Tue, 11/14/2017 - 06:01 Permalink

Needless to say the Chinese have been buying and selling long before there was anything called America.That's very true. Americans just spontaneously spawned from nothingness in the mid 17th century in North America, not like they descended from a long line of traders themselves spanning back to the Paleolithic. Somehow crossing the North Atlantic seperates them from their historical roots though. Long trips on boats have that effect on family trees. LMFAO.... Riiiiiiiiiight......Nother round of that Chinese coolaid Sam...... SMFH

In reply to by KennyW

Dr. Bonzo css1971 Tue, 11/14/2017 - 05:00 Permalink

If you have an emptiness inside.  Buying shit isn't going to fill it.Yeah.... but you gotta admit it beats the emptiness in the back of your head caused by your brains spilling out after that cheapo 9mm slug splattered your eggshell courtesy of one of Uncle Mao's little red shits.Or not.

In reply to by css1971

qomolangma Tue, 11/14/2017 - 08:08 Permalink

The Muricans have been growing to new low thinking of being big by talking down the others calling the Chinese purchases as buying shits :-) If they can only make shits and other people only buy shits then you all have no worry for you're the ones left with the real stuffs while all others are having shits :-) lol The ZH readership has been turned into the new lows over years... as the ZH itself changed ownership and policies so did its readership :-) a new reality!