Swinging Singles’ Day: Alibaba holiday drives shoppers in China
"Singles’ Day poses something of a quandary for China’s government, which welcomes the shot in the arm to the economy but looks askance at rampant materialism,” The Wall Street Journal reports. Last year’s sales of $14.3 billion in goods far surpassed “the numbers seen on the Black Friday and Cyber Monday shopping sprees that follow Thanksgiving in the U.S.,” and this year, the sales are expected to be even higher.
