Insight Report 8 minutes PremiumOne Month to Singles’ Day: Leveraging Alibaba’s Ecosystem Fully to Drive Results Coresight Research October 10, 2019 Executive SummarySingles’ Day, held annually on November 11, began as a festival of young Chinese people celebrating their pride in being single. Alibaba started promoting the day as a shopping day (now officially called the 11.11 Global Shopping Festival) back in 2009. Only 27 brands participated then, generating total gross merchandise volume (GMV) of $7.8 million. Last year, total GMV on Alibaba’s various platforms hit $30.8 billion, up 27% from the prior year and a huge 252% CAGR over the past nine years. In our monthly reports counting down to Singles’ Day, we help retailers and brands prepare for the event. With one month to go, we discuss the rules for merchants for this year’s 11.11 Global Shopping Festival and what merchants need to know to grow sales not only during Singles’ Day but during other promotional events on Alibaba’s e-commerce platforms. Click here to read more Coresight coverage of Singles’ Day for the upcoming 2019 shopping event and prior years. This report is for subscribers only. Learn more about subscriptions here.If you are a subscriber, please log in. This document was generated for Other research you may be interested in: China Consumer Tracker: More Consumers Are Making Discretionary PurchasesJuly 2023 US Retail Traffic and In-Store Metrics: Signs of a Nonfood Recovery as YoY Declines Ease1Q23 US Earnings Season Wrap-Up: A Mixed Quarter for Retail Amid Weak Discretionary DemandCES 2023 Day Two: Deborah Weinswig Presents Key Opportunities for Retailers in the Face of Brisk Headwinds