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Nov 11, 2021

How China’s regulatory crackdown has changed the biggest online shopping day of the year

From the BBC World Service: There’s no live tracker of Alibaba’s sales data, or live audiences for the company’s annual gala this year. But predictions suggest that spending on beauty, health and electronic goods from Alibaba and their competitors will outperform Singles Day last year. And, as Germany grapples with a fourth wave of COVID-19, the public and businesses are becoming fiercely divided on the need for another round of restrictions. 

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In China, Singles Day is a more low-key affair this year, following a regulatory crackdown on Big Tech companies.
In China, Singles Day is a more low-key affair this year, following a regulatory crackdown on Big Tech companies.
Greg Baker/AFP via Getty Images

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