Online Sales

The same day as Canadian Remembrance day, is Chinese “Single’s day”, which is also the country’s biggest online shopping day of the year (also the biggest in the world), just like American “Black Friday”. Also, I asked my mom to buy something for me online, because there were big sales. From recording, over 50,000 merchants on Alibaba’s consumer-oriented Taobao and Tmall.com platforms took in a total of 19.1 billion yuan (3 billion dollars) from midnight Saturday to midnight Sunday.

China has the world’s biggest amount of users on Internet, which causes it has the biggest online shoppers, over 20miilin than the US. (Boston Consulting Group).It is great news for communist leaders who want to shift the basis of growth in the world’s second-largest economy that the spending is being binge, from trade and investment to consumer spending and service industries.

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