Tag Archives: E-Commerce


Cumberland Advisors Market Commentary – Singles’ Day and Alibaba

Author: Leo Chen, Ph.D., Post Date: November 10, 2020
Market Commentary - Cumberland Advisors - Singles’ Day and Alibaba (Leo Chen)

November 11 is Singles’ Day in China. It is an unofficial shopping holiday that was started by Alibaba in 2009. It is called Singles’ Day because the repeated number “1” in “11.11” refers to single people in Chinese. Although Singles’ Day is often compared to Black Friday in the US, it is actually more similar […]