Singles’ Day Prediction: an overview

Single’s Day is also known as “Guanggun Jie” in Chinese. It’s an interesting way to celebrate the boundless state of a single person’s life. This is a great day to celebrate with friends who are also single.

There’s an interesting reason behind choosing the day. This day wants to make a good connection between the single people all over the world and the digit one (1) as well. But this occasion is especially popular in China. Chinese people, who are young as well, celebrate this occasion with immense joy and pleasure.

So these young kids who are single enjoy this day by organizing various kind of parties, programs and Karaoke too so that they can come to know about more unknown people and be friends with them. It’s also about trying out their lucks.

15th February is declared as the Singles Day or Singles Awareness Day. On this day single individuals stand up for them saying to themselves that being single is ok.

None should feel upset or depressed because of being lonely. If one day someone just joins this day with so many interesting people he/she is sure to feel better about it.

This day is for singles who don’t enjoy celebrating Valentine’s Day on 14th February. So it’s pretty exciting for them.

You can enjoy get-togethers, competitions, programs and many other ways of celebrations. No need to worry if you are single. Don’t feel like a left out.

You can also go for travelling or volunteering on this day. Buy flowers and send to your address. Singles know that it’s a blessing to be single and that’s why everyone should participate in this great occasion.

If you are single and happy, then start planning for this day. On the day people usually wear green. It’s quite interesting for the reason that it’s the exact reverse of the color red. You may also choose Black if you want.

Singles’ Day was celebrated with a great deal of interest at Nanjing University in the year of 1993.

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CHINA’S ONLINE SHOPPING FESTIVAL

indexChina’s online retailers are cheering for their great success on 11.11 online shopping festival as it has become the country’s annual online shopping festival on November 11th. China’s annual 11.11 Shopping Festival, the biggest online shopping day of the year in the world, is keeping to make new records every year.

As the historical consideration, November 11 is a date made up of four one’s, and “double eleven” has always been considered a special day for single men and women in China. Five years ago, at first the online retailer Alibaba started promoting it as a shopping festival, and it has now turned to be the country’s busiest day for online retailers, millions of shopping lovers and thousands of couriers. Single and married Chinese consumers who are expected to spend $5 billion on cyber Monday, spending more online today than American consumers will on Black Friday and Cyber Monday combined shopping day. According to the Xinhua News Agency, Alibaba processed $3.1 billion in transactions in 2012. Adidas, Proctor & Gamble (NYSE: PG), Nike (NYSE: NKE), Unilever (NYSE: UN) and Samsung (OTC: SSNLF) are a few who are reaching Chinese consumers today. Microsoft (NASDAQ: MSFT) will take part in Singles’ Day for the first time this year.
Some company is trying to attract more third-party vendors by offering them free delivery service for a month. Alibaba itself has for the first time also invited some 30,000 offline stores to participate in the online shopping festival. More than 20,000 vendors on Alibaba’s sites – Tmall and Taobao – are promising 50 percent discounts on the day. Shanghai based Yhd.com, also called Yihaodian, a Chinese e-commerce company that is majority-owned by WalMart Stores, is setting up a special sale of imported foods.
Alibaba has set up a 100 billion yuan logistics network this May that aims to make 24-hour domestic deliveries possible. Couriers across China are gearing up for the upcoming online shopping frenzy. According to Alibaba, more than 100 cargo jets have been leased by major courier companies. On double eleven China’s e-commerce sites receive more visits than the entire population of Brazil. Bain forecasts that China will overtake the US as the world’s top e-commerce market this year.
International marketing companies are also involving them with Tmall to promote Singles’ Day deals.

Combat loneliness on Singles day

Whoever said money cannot buy happiness cannot convince Jack Ma, founder of the Alibaba Group. Inspired from the Cyber Monday trend in America, the Singles day November 11 2009 was first utilized by this company to celebrate the largest online retail festival in the country with the largest population in the world and boy was it bound to break some records.
Who would have thought that materialism could aid as a drug to combat loneliness on Singles day. With coupons and discounts on almost anything ranging from mobile phones to children’s toys, consumers in China grabbed the opportunity. With the boom in technology and the increase in the number of independent Chinese youth in the past few years, the 11.11 Shopping Festival of 2013 turned out to be a ‘win-win’ situation for both the consumers and the retailers. On 19 September 2014, Alibaba’s market value was measured as US$231 billion (about 1418.18 billion Yuan). These figures show the true potential of the trending e-tailer (electronic retailer).
China is now gearing up for the GOSF 2014 which is being held by Google this year. In what is expected to be literally a festival, its tying up with the likes of Ebay,Flipkart,Myntra,Amazon and almost every other major player in e-retailing, to boost product sales for 3 days in December (rumoured to be 11th to 13th ).
So this December, get ready for shopping for 3 days at unbelievable discounts on almost everything and all at the comfort of your home! Wàn Suì!

SINGLE DAY SALES

The numbers are in on China’s “Singles Day,” and 2013’s event was a blockbuster. On Nov. 11, the day called Singles Day or Double 11 Day in Chinese, Internet retailers saw bras, smartphones and insurance, among other goods, fly off their virtual shelves in record-breaking numbers.

Websites under Jack Ma’s Alibaba Group Holding Ltd. reported more than 35 billion yuan ($5.75 billion) in sales on Nov. 11, and plenty of other retailers participated in the buying binge on the day that originated as a celebration for China’s growing bachelor ranks.

2012 on Singles Day, Tmall and Taobao, e-commerce sites under the Alibaba banner, sold more than $3 billion worth of goods – more than twice the value sold on Cyber Monday following Thanksgiving in the U.S. that year. 2013 saw that record go right out the window. Tmall, Alibaba’s business-to-consumer site, reached 100 million yuan in transactions just 68 seconds after Double 11 sales began in the wee hours of Monday in China, Caixin, a Chinese financial news portal, reported.

Alibaba inaugurated the shopping tradition in 2009, but other major e-retailers have since caught on. Jingdong Mall, which sells food and clothing, promised discounts and free delivery on everything. Suning, the appliance retailer, began its sales three days earlier. Companies prepare for the day weeks ahead of time by improving delivery and payment capacities, but even so, Suning’s system couldn’t handle the astronomical transaction flow it received in the first hour, which flow crashed its payment system.

Net users bought all sorts of items in the first minute. Tmall sold 1.6 million bras and 2 million pairs of underwear. Xiaomi Inc. sold 100 million yuan worth of its electronics in the first three minutes and tripled that number in the next 30 minutes, according to Tech in Asia.

Buyers also made online investments. E Fund Management Co., which sells wealth management products on Taobao, completed 36 million yuan worth of transactions in the first 42 minutes, and 50 million yuan worth of insurance in the first 75 minutes.

Mobile sales became a big part of the shopping frenzy in the 2013. More than 2 million shoppers made purchases on Tmall and Taobao using their mobile devices in the first minute alone, and within an hour, 1 billion yuan worth of transactions had been handled through those mobile sites, according to Caixin.

SINGLE DAY SALES

The numbers are in on China’s “Singles Day,” and 2013’s event was a blockbuster. On Nov. 11, the day called Singles Day or Double 11 Day in Chinese, Internet retailers saw bras, smartphones and insurance, among other goods, fly off their virtual shelves in record-breaking numbers.  

Websites under Jack Ma’s Alibaba Group Holding Ltd. reported more than 35 billion yuan ($5.75 billion) in sales on Nov. 11, and plenty of other retailers participated in the buying binge on the day that originated as a celebration for China’s growing bachelor ranks.

2012 on Singles Day, Tmall and Taobao, e-commerce sites under the Alibaba banner, sold more than $3 billion worth of goods – more than twice the value sold on Cyber Monday following Thanksgiving in the U.S. that year. 2013 saw that record go right out the window. Tmall, Alibaba’s business-to-consumer site, reached 100 million yuan in transactions just 68 seconds after Double 11 sales began in the wee hours of Monday in China, Caixin, a Chinese financial news portal, reported.

Alibaba inaugurated the shopping tradition in 2009, but other major e-retailers have since caught on. Jingdong Mall, which sells food and clothing, promised discounts and free delivery on everything. Suning, the appliance retailer, began its sales three days earlier. Companies prepare for the day weeks ahead of time by improving delivery and payment capacities, but even so, Suning’s system couldn’t handle the astronomical transaction flow it received in the first hour, which flow crashed its payment system.

Net users bought all sorts of items in the first minute. Tmall sold 1.6 million bras and 2 million pairs of underwear. Xiaomi Inc. sold 100 million yuan worth of its electronics in the first three minutes and tripled that number in the next 30 minutes, according to Tech in Asia.

Buyers also made online investments. E Fund Management Co., which sells wealth management products on Taobao, completed 36 million yuan worth of transactions in the first 42 minutes, and 50 million yuan worth of insurance in the first 75 minutes.  

Mobile sales became a big part of the shopping frenzy in the 2013. More than 2 million shoppers made purchases on Tmall and Taobao using their mobile devices in the first minute alone, and within an hour, 1 billion yuan worth of transactions had been handled through those mobile sites, according to Caixin

China Online Shopping Festival

fffffffThis is a shopping festival that occurs in china on 11th November of each year, whereby products are sold at a discounted price online. This festival attracts both online and offline shoppers because it is a lifetime opportunity to buy goods at lower rates, others as low as 60 percent discount. Since shopping lovers are basically young people and women, the China online shopping festival targeted them. But with time the circle has grown bigger from young to old and male to female, everyone trying to lay their hands on same quality products they couldn’t afford earlier at a much lower rate. Many Chinese look forward to this festival and the majority don’t mind spending a couple of hundred of thousands Chinese Yuan on these discounted products.

During the ongoing shopping festival, some of the products run out of stock in a couple of hours or even minutes and the systems jamming are the major setback to some buyers but many shoppers here are enthusiasts. Many companies register enormous profits as high as millions in terms of us dollars, most of them breaking previous records. This e-commerce technology has helped many companies to create and expand their customer base and make it easier for the shoppers to have a variety of products to choose from. As the online shopping festival trend continues in China, it may enable it to become the largest e-commerce market in the world.

China Online Shopping Festival

This is a shopping festival that occurs in china on 11th November of each year, whereby products are sold at a discounted price online. This festival attracts both online and offline shoppers because it is a lifetime opportunity to buy goods at lower rates, others as low as 60 percent discount. Since shopping lovers are basically young people and women, the China online shopping festival targeted them. But with time the circle has grown bigger from young to old and male to female, everyone trying to lay their hands on same quality products they couldn’t afford earlier at a much lower rate. Many Chinese look forward to this festival and the majority don’t mind spending a couple of hundred of thousands Chinese Yuan on these discounted products.

During the ongoing shopping festival, some of the products run out of stock in a couple of hours or even minutes and the systems jamming are the major setback to some buyers but many shoppers here are enthusiasts. Many companies register enormous profits as high as millions in terms of us dollars, most of them breaking previous records. This e-commerce technology has helped many companies to create and expand their customer base and make it easier for the shoppers to have a variety of products to choose from. As the online shopping festival trend continues in China, it may enable it to become the largest e-commerce market in the world.