SHANGHAI — Single’s Day started as a holiday to honor Chinese who are not married or otherwise do not have a partner. However, the holiday, which falls on Nov. 11 annually, is quickly becoming the biggest day for online shopping on the mainland as millions of consumers turn to the Internet to take advantage of deep discounts and other promotions offered by e-commerce players.
Chinese Internet giant Alibaba, which operates Tmall.com and Taobao.com, said sales on its e-commerce platforms on Single’s Day, which fell on Sunday this year, totaled $3.1 billion, more than triple the sales figure from last year. That number well outpaced the $1.25 billion that, according to research company comScore, Americans spent last year on Cyber Monday. RELATED STORY: ChinaFile, China's E-commerce Boom >>
Sales on Tmall.com, the company’s business-to-consumer platform that is home to a number of Chinese and international brands, totaled 13.2 billion yuan, or $2.1 billion, while the consumer-to-consumer site Taobao.com generated revenues of 5.9 billion yuan, about $947 million. Ten million people logged onto Alibaba’s e-commerce sites within the first minute of the start of the promotions, which began at midnight Sunday, the company said.
From overseeing America’s fastest-growing speciality retailers to codifying cool, WWD talked to the women who are leading the way for the future of beauty. Check out our Instagram Stories to see how these women built today and are creating tomorrow. (📸: @hannah_khymych) #wwdbeauty
For @laperlalingerie's spring 2018 show, the brand chose to host their event at @thevenetianmacao. With Chinese megastars @bingbing_fan and @hubing in attendance, La Perla debuted a rock ‘n’ roll-inspired collection. The show marked the start of Sands Macao Fashion Week, which runs from October 19 to 24 — the city’s first such event. Pictured here are models backstage with glimmering eyes. #wwdfashion (📷: Cheuk-Yin To)
Trending for spring 2018: top stitch design. Gone are the days of stitch just for seams — designers are using the once-minimal detail to create strong decorative elements. (📷: Paola Testa; Styled by @andrew_shang) #wwdfashion
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)