the growing success of singles' day for china and retailers at large

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SINGLES’ DAY 10 THINGS TO KNOW ABOUT: FIROZPATEL.NET BY: FIROZ PATEL

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Page 1: The Growing Success of Singles' Day for China and retailers at large

S I N G L E S ’ D AY1 0 T H I N G S T O K N O W A B O U T:

F I R O Z PAT E L . N E TB Y: F I R O Z PAT E L

Page 2: The Growing Success of Singles' Day for China and retailers at large

S I N G L E S ’ D AY1 0 T H I N G S T O K N O W A B O U T:

F I R O Z PAT E L . N E T

this is the largest online shopping day in the world.

Page 3: The Growing Success of Singles' Day for China and retailers at large

S I N G L E S ’ D AY1 0 T H I N G S T O K N O W A B O U T:

F I R O Z PAT E L . N E T

Singles' Day or Guanggun Jie (Chinese: 光棍节; pinyin: Guānggùn Jié; Wade–Giles: Kuang-kun chieh; literally means: "bare sticks holiday")

Page 4: The Growing Success of Singles' Day for China and retailers at large

S I N G L E S ’ D AY1 0 T H I N G S T O K N O W A B O U T:

F I R O Z PAT E L . N E T

The date is chosen because of the relation between being single and the number '1'.

Page 5: The Growing Success of Singles' Day for China and retailers at large

S I N G L E S ’ D AY1 0 T H I N G S T O K N O W A B O U T:

F I R O Z PAT E L . N E T

Young singles organize parties and Karaoke in celebration of the holiday and to try to meet new people.

Page 6: The Growing Success of Singles' Day for China and retailers at large

S I N G L E S ’ D AY1 0 T H I N G S T O K N O W A B O U T:

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Singles' Day or Bachelors' Day, supposedly came from Nanjing University in the 1990s and soon other universities followed suit.

Page 7: The Growing Success of Singles' Day for China and retailers at large

S I N G L E S ’ D AY1 0 T H I N G S T O K N O W A B O U T:

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Those celebrating singles day usually eat 4 Youtiao (deep-fried dough sticks), and a Baozi (steamed stuffed bun) for breakfast in order to spell out the 11.11.

Page 8: The Growing Success of Singles' Day for China and retailers at large

S I N G L E S ’ D AY1 0 T H I N G S T O K N O W A B O U T:

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'Blind date' parties are popular on Singles’ Day.

Page 9: The Growing Success of Singles' Day for China and retailers at large

S I N G L E S ’ D AY1 0 T H I N G S T O K N O W A B O U T:

F I R O Z PAT E L . N E T

The term "双⼗十⼀一" (or"Double 11") was trademarked in China by Alibaba Group in 2012, and in October of 2014, Alibaba claimed they would take legal action against media outlets that accepted

advertising business from competitors who used the term.

Page 10: The Growing Success of Singles' Day for China and retailers at large

S I N G L E S ’ D AY1 0 T H I N G S T O K N O W A B O U T:

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Amazon is using Singles’ Day as an opportunity to get a hold on Chinese markets. They are using the holiday as a chance to offer single Chinese shoppers a larger selection with faster shipping times.

Page 11: The Growing Success of Singles' Day for China and retailers at large

S I N G L E S ’ D AY1 0 T H I N G S T O K N O W A B O U T:

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The huge sales on Singles Day showcase the importance of China and its middle class as a serious global market. It’s estimated that China has six hundred million to seven hundred million middle class

consumers.

Page 12: The Growing Success of Singles' Day for China and retailers at large

F I R O Z PAT E L . N E TF O R M O R E I N F O V I S I T:

M U S I C B Y B E N S O U N D . C O M