11/11 is Singles Day
The largest online shopping holiday1 is a very important day for Alibaba2, JD.com3, Tencent4 & other internet companies.
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Singles Day is the largest online sales event in China and the world according to Internet Retailer. Slate.com reported that 2014 Singles Day online sales exceeded Black Friday & Cyber Monday sales combined.
Singles Day is expanding globally, yet many investors outside of China know little about the Chinese online shopping holiday and how it is redefining online sales.
- Cyril Drouin, “An introduction to Singles' Day, the world’s biggest online shopping sale” Internet Retailer, 10/23/2015
- Alibaba was 8.49% of KWEB net assets as of 10/31//2015
- JD.com was 6.43% of KWEB net assets as of 10/31//2015
- Tencent was 10.87% of KWEB net assets as of 10/31//2015
