AI Puts Wind in the Sales of Singles’ Day as Alibaba and JD.com Hit Retail Records

AI puts wind in the sales of Singles’ Day as Alibaba and JD.com hit retail records

From algorithmic promotions to AI chatbots, Alibaba and JD.com use new tools to hit Singles’ Day records and defy a sluggish economy.

China’s Singles’ Day Shopping Festival Slows Amid Sluggish Economy

China’s biggest shopping festival, Singles’ Day (Nov. 11), which lasted for more than a month, saw a slower growth compared to last year, as consumers seek bargains amid China’s sluggish economy. Analysts said that it points to Chinese consumers’ weak confidence in future income and underlying weak momentum for China’s economic growth. The total sales on Chinese e-commerce platforms reached approximately 1.7 trillion yuan (about $238.3 billion) …

Singles’ Day: what investors can learn from the world’s biggest retail event – Moonstone Information Refinery

If the recent flood of Singles’ Day promotions across South African stores and online retailers caught you by surprise, you’re not alone. Once confined largely to China, Singles’ Day is rapidly gaining traction worldwide – and increasingly, in South Africa. Although most of the world’s consumers are gearing up for Black Friday and Cyber Monday, few realise that China’s Singles’ Day dwarfs both events. Last year alone, it generated an estimated ¥…