Alibaba is a Chinese online retail company. This company started as an Amazon wannabe in the Chinese economy. However, today it would be fair to say that Alibaba is equivalent to, if not bigger than its American counterpart. Alibaba’s rise to economic power is filled with many stories. One of them is the story of “Singles Day”.

Traditionally, the Black Friday after Thanksgiving is known to be the biggest shopping event of the year. Long queues and dangerous stampedes are common as the prices of products are reduced to a bare minimum to encourage consumers to indulge ahead of the holiday…

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