News Snapshot:
Regulatory pressures have dominated the headlines for Chinese e-commerce in the past 12 months. We think the focus is now shifting. Nothing showcases China’s love of e-commerce better than Singles’ Day, or 11.11. This unofficial holiday, initially founded as an anti-Valentine’s Day for singletons, is held annually on the 11 November. In 2009, an e-commerce company CEO seized on the idea of turning the day into a 24-hour shopping extravaganza, and it has now become the largest online shopping day in the world. Last year, two of the largest e-commerce companies in China, Alibaba and JD, reached a new Singles’...
