What China’s Online Shopping Craze Says About Its Bubble Economy

On November 11, China celebrated Singles’ Day, a holiday that in the span of a few short years has become the most important day of the year for Chinese e-commerce. Sales on Alibaba, the leading retailer website at the center of the holiday, are the bellwether for its success. Alibaba first adopted the Singles’ Day name for a sales promotion in 2009 to sell winter coats, … http://bit.ly/2DFHV6Q

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