China’s E-commerce Has Collapsed! No One Mentions Internal Circulation;This Year’s Double 11 Is Cold
China’s E-commerce Has Collapsed! No One Mentions Internal Circulation;This Year’s Double 11 Is Cold
Udumbara
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‘Double 11,’ also known as ‘Singles’ Day,’ was first launched by Chinese e-commerce giant Alibaba in 2009 to encourage single people to treat themselves. November 11th was chosen as the peak day for sales.
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