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Gross merchandise value, a figure that shows sales across Alibaba's shopping platforms, surpassed last year's At the end of the event, GMV stood at It was the 11th edition of the annual Singles Day event — also called the Double 11 shopping festival because it falls on Nov. During the hour period, which began at midnight in Singapore and Hong Kong, Alibaba offered huge discounts across its e-commerce sites such as Tmall.
China's Singles' Day, the world's largest online shopping event, takes place next Monday, Nov. Singles' Day was started by e-commerce giant Alibaba a decade ago, Ladybirds massage Eden Prairie it's become a sales phenomenon.
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