Digital Economy & Innovation

Digital Economy & Innovation
 

 

Digital Economy
& Innovation

Concise news and articles.

We believe the future belongs to the digital economy and that innovation and creativity are powerful catalysts for economic growth and social prosperity. Online businesses, digital platforms, technological and business innovation & everything between business, tech and law. Here, we cover updates, current information and our opinions on the issues and happenings related to our nation's digital economy, cutting edge innovations and creative thinking.

11.11: Singles Day

The origin of Singles’ Day dates back to the nineties of it being an obscure “anti-Valentine’s Day” celebration for Chinese students who celebrated their single status. E-commerce giant Alibaba hopped on it in 2009, launching massive sales to boost deals and it has now become a day when everyone, regardless of their single status, buys themselves gifts. On 11.11.2019, Alibaba recorded 268.4 billion Yuan (USD 38.4 billion) on a single-day transaction.

source : South China Morning Post, 13 Nov 2019. Click here for full article.

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