Alibaba’s Singles’ Day shopping bonanza loses lustre amid China’s Big Tech crackdown, competition from live streaming

//Alibaba’s Singles’ Day shopping bonanza loses lustre amid China’s Big Tech crackdown, competition from live streaming

Alibaba’s Singles’ Day shopping bonanza loses lustre amid China’s Big Tech crackdown, competition from live streaming

For six years in a row, Ding Xiaojuan has “chopped” hands for the Singles’ Day shopping festival, a popular expression among Chinese consumers describing an obsession with online retail that is so out of control that they want to cut off their hands to stop bleeding money. “I set alerts and stayed up late until midnight in previous years to pay for my orders so that I could get extra presents for being the first batch to pay,” the 39-year-old said, attributing the behaviour to being “crazy” in…

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By | 2021-11-09T09:59:57+00:00 November 9th, 2021|Technology|Comments Off on Alibaba’s Singles’ Day shopping bonanza loses lustre amid China’s Big Tech crackdown, competition from live streaming