Alibaba Group Holding Inc co-founder Jack Ma said on Wednesday results from the ...
Alibaba Group Holding Ltd Executive Chairman Jack Ma attends the World Artificial Intelligence Conference with Tesla Inc CEO Elon Musk in Shanghai, China, August 29, 2019. REUTERS/Aly Song/File Photo
Launched in 2009, Singles’ Day has become China’s version of U.S. online sale event Cyber Monday, which follows America’s Thanksgiving holiday. Analysts monitor sales on Singles’ Day to gauge consumer sentiment in China. “This year’s Double Eleven did not meet the expectations I had imagined,” he said at the 5th World Zhejiang Entrepreneurs Convention.
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