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the Online Visitor Guide To Beijing, China

Crowdsourcing comments from friends and checking online reviews before making a purchase are also common, according to Pun. “Our mobile shoppers are heavily influenced by reviews and recommendations from friends in the choice of products they are not familiar with,” she said. “They think product reviews are more trustworthy than a salesperson.” While only 30% of the Chinese respondents said they had been shopping online for more than five years, compared to 44% of the global sample, China is the largest mobile phone market with 1.15 billion subscribers. On Nov. 11, China’s “anti-Valentine’s Day,” young people celebrate being single in a mad rush of online splurges. (Creative Commons)

With more consumers shopping online this season – and especially on smartphones and tablets while consumers are on the go — and making more expensive purchases online than ever before, it seemed that should a massive security breech happen, it would happen in the cyberworld. Security experts sent out messages almost ad nauseam about being careful not to disclose too much information online and to use only secure sites and networks. Check the encryption standards of public hotspots before you connect, they said, avoid sites that lack clear Terms and Conditions and think twice about offering up personal information that’s not necessary to make a purchase.

So although this consumer inflation may be one time a year, similar to the US’ Black Friday, the platforms created to handle this traffic logistically and technologically, should not be treated as a onetime fix, but a long-term solution. O2O retail is a great way for flailing store businesses to keep their doors open by using the “pick up in store” offering to customers who find their product online, or to protect themselves against “show rooming” when customers graze the isles of shops to see what products are available only to shop online for that same product in search of a cheaper price.

Unlike other events such as the Lunar New Year, China’s biggest family holiday, it involves few other expenses such as travel or banquets, leaving more money for gifts. This is about giving a gift that will woo that perfect someone,” Natkin said. “If you play your cards right, you only need to make that purchase once.” Lei, the Shanghai designer, wound up buying only the pillow from her shopping list for 118 yuan ($18) because other discounts weren’t as big as she hoped. China’s delivery companies had 800,000 employees working Sunday, including 65,000 temporary workers hired for the holiday, the China Daily newspaper said, citing the country’s delivery industry association.

In second place on MasterCard’s Index was New Zealand, with a score of 87 – 15 points behind China, followed by Australia (85 points), Singapore (84 points) and South Korea (82 points). Three countries in the Asia Pacific region saw a decrease. Thailand dropped 8 points to 80, India from 81 to 78 and Malaysia from 79 to 71. The survey also revealed a significant increase in mobile shopping via smartphone. In this respect, Indonesia topped the rankings with more than half (54%) of respondents using their smartphone to shop in the last three months. China and Thailand come in second and third with 54.1% and 51% respectively.

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Sales on Singles’ Day – also known as Double 11 because of it’s date on Nov. 11- totaled $3.1 billion for China’s biggest e-retailer, Alibaba, last year. For comparison, U.S. shoppers spent just $1.5 billion on Cyber Monday in 2012. BEIJING (AP) — Lei Shujie, a designer in Shanghai, piled up a wish list for the quirky holiday dubbed “Singles Day” that has grown into China’s — and possibly the world’s — busiest online shopping day. Companies that rushed to cash in on the holiday ranged from Alibaba Group, operator of China’s biggest e-commerce platforms, to rival platforms such as 360buy Ltd., mom-and-pop companies that sell online and delivery services.

At its headquarters in Hangzhou, southwest of Shanghai, Alibaba set up 200 lounge chairs for its 800-strong staff to rest during the day. The company rented 180 rooms at nearby hotels for longer breaks. On, called Tian Mao, or “Sky Cat,” in Chinese, goods ranged from clothes, books and furniture to discounts on restaurant meals and travel packages. An auto dealer in the southern city of Shangrao offered 23 percent off BMW 3-series luxury cars ordered Sunday. Still, it’s estimated that for every $9 shoppers spend in physical stores during the two-month season that ends on New Year’s Eve, they’ll only spend $1 online, according to research firm comScore.

Excitement over the game drove more shoppers to the mall’s 49ers Team Store, which opened in the spring. There mobs looked for Christmas gifts to give before kickoff on Monday Night Football. San Jose resident and lifelong 49ers fan Jim Lovett was looking for team shirts and hats to give his sister and her family, soon arriving from Chico. Then we’re all going to be exhausted and done,” said Pam Goodfellow, a principal analyst with Prosper Insights and Analytics, which provides research on consumer spending. And online spending could account for half of all Chinese retail spending within a decade, according to Chinese e-commerce firm Alibaba Group.

In a word, Alibaba is China’s answer to Amazon ( AMZN ) and eBay ( EBAY ), but it is bigger than the both of them combined With the US$170 billion in annual revenue last year, The Economist predicts that the online giant can hit the $1 trillion-mark within five years. Though Alibaba itself is privately held (for the time-being), a number of companies are also vying for a piece of the ever-growing market. Each shop should have a number. When you find one with the right price, memorize the number. At the same time, look at each shopkeeper. Try to find the one your most comfortable with.

But she made up for it with an early start on Sunday morning at the Sunvalley Shopping Center in Concord, which extended its hours to 7 a.m. to 11 p.m. for the final holiday shopping blitz. At just after 9 a.m., Gray crossed her last gift off the list – a personalized ornament from a mall kiosk. It’s a little bit of power shopping,” said Caran Sealey, marketing director for Westfield Valley Fair in Santa Clara. “Most of them are on a mission.” In and out, in and out!” shouted one shopper, decked out in a 49ers jersey and hat, as he left Macy’s at Valley Fair.

mobile Shopping Takes Hold In China

From the perspective of B2C shopping websites, Tmall (53.68%), Jingdong (17.10%), (4.74%), Amazon China (2.72 %) and Yihaodian (2.47%) were the top 5 companies by share in Chinese B2C online shopping market in 2012. Although the competition pattern of the B2C market is bound to evolve over time, the B2C platform Tmall and the proprietary B2C website Jingdong will still occupy the leading positions firmly in the short term; however, the market share of other B2C websites will change with product strategy direction, marketing promotion and customer relationship management. B2C online shopping market (including Chinese online shopping market, B2C online and mobile shopping market, industry financing, competition landscape, etc.)

The latest Online Shopping Survey from MasterCard involved over 7,000 people from the Asia Pacific region. Of the 14 markets analyzed, China led the way with an online propensity score of 102 on MasterCards’s Index for 2012, up 4 points on 2011. Chinese Internet users are now less likely to be concerned about security while shopping online, found MasterCard’s survey, with just 21.4% harboring concerns in 2012 compared to 32.8% the previous year. Online shopping was also viewed as “easy” among the majority of Chinese respondents (89.5%), an increase from 2011 (80.8%).

What’s holding them back? Trust appears to be the primary issue. As was the case with other markets, including the U.S., the early days of online shopping in China have been plagued by credit card fraud and counterfeit goods — some of which are swapped out for genuine articles during shipment. These two issues have been addressed, in part, by the introduction of PayPal-like payment services, including Alibaba-owned Alipay, which allows users to make purchases without sharing their credit card details with individual vendors. As an extra security measure, Alipay only transfers payments to vendors after clients have received and expressed satisfaction with their goods.

For those of you interested in getting a jump on innovative ways of business and connecting with the consumer in your home country, learning more about the direction O2O is a great place to start. QR Code, augmented reality, and SQRL will soon be synonymous with consumer engagement and sales. It’s time to double your knowledge and double your dollars. Online is getting a disproportionate share of holiday spending this year, and clearly a disproportionate share of that is going to the market leader, which is Amazon,” said Marshal Cohen, the chief industry analyst at the research firm The NPD Group.

The date, also known as Double 11, is “a great time to be discovered,” said Kevin Der Arslanian, analyst at China Market Research Group. “This is really a time when consumers are actively going online trying to find good deals, trying to find new items, and with the right combination of discounts and gifts, you can attract some new customers.” Tmall drives the holiday with promotion advice for brands, TV commercials, outdoor ads and an online teaser game site with rebates for prizes. It makes money through commissions from brands and retailers that operate inside its portal.

analysts Point To As Online Sales Winner

Walmart, the world’s largest retailer by sales, hopes to bolster its foothold in China. Local rivals have stepped up their game in the past few years, outpacing Wal-Mart both in sales and in numbers of stores. So far, the Bentonville, Ark., retailer has focused mostly on rolling out Walmart-branded stores. But focusing on Sam’s Club is intended to help offset a traffic decline that has plagued Walmart stores in China for the past several years. Sam’s Club has largely avoided that traffic trend. Lowest Prices on Half-size Tatami Mat (China) Shops & Purchase Online – Buy now you Save BIG! Black Friday and Cyber Monday sales with Web Promotions online

Internet vendors are usually excellent areas to see when you are interested in special ALF goods. These kinds of web sites offer you many alternatives in terms of collectors items, clothes, and also related personalized items. World wide web showing off retailers could even have got effortless course-plotting characteristics to aid locate items swiftly. You can view selling prices, merchandise information, and also images regarding diverse items on the net. cheap nba gear Xiao li, 19-year old cashier working at one of China’s largest bakery chains, Christine, in Shanghai said that “the earlier the special deals, the better the sale.”

E-commerce has grown in importance as companies have adopted Pure-Click and Brick and Click channel systems. We can distinguish between pure-click and brick and click channel system adopted by companies. Tkacz, Ewaryst; Kapczynski, Adrian (2009). Internet — Technical Development and Applications Springer. p. 255. ISBN 978-3-642-05018-3 Retrieved 28 March 2011 “The first pilot system was installing in Tesco in the UK (first demonstrated in 1979 by Michael Aldrich).” Holiday E-Commerce Sales Up 13 Percent To $34B; This Past Week Was Heaviest Online Shopping Period on Record” TechCrunch. 16 December 2012 Retrieved 21 December 2012

Last year, Alibaba Group’s online shopping platforms and Taobao Marketplace recorded sales of more than RMB 19.1 billion ($3.1 billion) on 11.11, which doubled the 24-hour online sales record of $1.5 billion on Cyber Monday in the same year. Single’s Day launched in 2009 with 27 participating merchants, and almost 10,000 merchants participated in 2012. The iPhone will help China Mobile promote a new fourth-generation network that received government approval this month. But analysts say Apple needed the agreement more than the Chinese carrier. That gave China Mobile leverage in negotiations over how to split costs, which for the high-priced iPhone usually includes subsidizing handset sales.

It’s a very important alliance for both Epailive and AAA. Through this arrangement, Chinese buyers can safely purchase art and antiques from AAA auction houses based in the UK, with a standardised structure for transporting buyers’ purchases to China and with the guarantee that what they are buying is as described and photographed. The alliance promotes closer ties between the auction markets of the east and west. It is a process that will lead to a greater mutual understanding as well as the establishment of vital links between significant stakeholders for the regulation of the auction business, both in the UK and in China.

mart To Open Up To 110 New China Stores By 2016

As the Chinese shopping holiday Double 11 , also known as “Bachelor’s Day” approaches both online and offline retailers prepare to handle the traffic in their stores, physically and virtually. Titled “Bachelor’s Day” because the actual date, November 11th, is four “1” symbols this is normally a time of mass consumerism and love proclamation. Many proposals are made on this day, moving a man from a bachelor to taken, and stores head over heels in revenue. Online is getting better at getting over those hurdles,” said Andrew Lipsman, vice president of marketing and insights at comScore, which tracks Web traffic. “That’s removed a lot of friction.”

Our delivery speed is suitable for an eBay type of selling drop shipped direct from China. There is no mentioning of ‘Chinavasion’ on the shipping invoice, on the goods, and in the parcel. As dropshippers, you can sell China electronic gadgets with confidence, as your online electronics business is protected. Chinavasion is a trusted China wholesale supplier of hundreds of ecommerce companies, small businesses, eBay power sellers, and local distributors in every country around the world. Drop shippers may sell internationally with no restrictions from us. The problem? Analysts say retailers have not marketed their shopping apps well enough to encourage shoppers to find and download them.

In a report on fashion and China , BCG describes China’s consumer markets in the ’80s as “unsophisticated, yet eager,” one “hungry for highly recognizable brands.” Sportswear brands did particularly well because they complimented “the low-key wardrobe needs of consumers at a time when there were very few occasions that required more fashionable apparel.” By 2008, between 20% and 25% of the average Chinese consumer’s wardrobe was composed of sportswear by dollar amount. What do you think of our picks for the best online thrift stores? Do you have a better recommendation for the best place to score some new secondhand swag? Let us know in the comments below.

Many China-base online shopping websites have one or more overseas warehouses, mostly based in the UK, US or some European country. Below are some of the legitimate sites where you buy things that are stocked in their overseas warehouses. Note that they may use a totally different domain name from their main sites for items available at their overseas warehouses. As soon as I find a new reliable overseas warehouse belonging to a Chinese supplier, I will add the information to the above list. Just check back regularly here for the updates.

While I certainly think this could be the case — especially given the recent move higher in the stock — so far there has been no lack of appetite for VIPS shares, and over the past month the stock has seen a near 32% gain. BEIJING and NEW YORK , Nov. 25, 2013 /PRNewswire/ - ShangPin, China’s first online retailer for authorized designer and contemporary fashion today announced the launch of Lanvin’s China e-flagship store to be hosted on as the retailer expands its business as an online shopping mall with shop-in-shop “E-Flagship” stores.

confidence In Online Shopping Rises In China

Don’t worry about currency and customs complexities. Shoppers that encounter an international auction listing are often wary of the difficulties that they expect with things like currency conversion and customs issues. Don’t sweat this stuff— PayPal will handle the currency conversion for you for a small fee, and those sellers that have good feedback are already veterans at this process and will handle the customs paperwork properly for you, without your having to say a thing. Here in the United States, we’re just starting to rack up debt – but that’s what we will do is great numbers, a new survey shows.

Jeremy Webb, a digital expert at Ogilvy Public Relations in Beijing, said some of the firm’s clients sought to generate 15 to 30 percent of their annual sales on Singles’ Day alone. To do so, some accept extremely low profit margins or sell at a loss. For Alibaba, which has been preparing for an initial public offering, a major benefit of Singles’ Day is publicity, a spokesman, Yan Qiao, said. We are not thinking about how much profit Alibaba could achieve at all,” Mr. Yan said. “The biggest value it gives us is that the festival always can create the record of one-day gross merchandise value on”

It’s a very important alliance for both Epailive and AAA. Through this arrangement, Chinese buyers can safely purchase art and antiques from AAA auction houses based in the UK, with a standardised structure for transporting buyers’ purchases to China and with the guarantee that what they are buying is as described and photographed. The alliance promotes closer ties between the auction markets of the east and west. It is a process that will lead to a greater mutual understanding as well as the establishment of vital links between significant stakeholders for the regulation of the auction business, both in the UK and in China.

A number of factors are driving the growth. One is the increase of China’s middle class, which is expected to balloon from 200 million to 800 million people over the next 20 years, according to Acquity Group. The spread of government-subsidized, high-speed Internet access and Internet-connected cellphones have widened the pool of potential shoppers to 513 million — or about 40% of the population. Broadband Internet access costs around $10 per month, compared to $30 per month in India and $27 per month in Brazil. Poor return policies are also thwarting growth. Fifty-nine percent of respondents in Acquity’s study complained that it wasn’t easy to return goods to online stores.

Meanwhile, one of China’s retailing challenges is trying to extend retailing and cold-chain logistics to the vast western regions, currently experiencing stronger economic growth than the rest of the country due to preferential policies. Suppliers meanwhile like the independence afforded by online retail as opposed to traditional large-scale retailers that have been accused of levying cumbersome slotting and marketing charges on suppliers. While heavy discounts are the norm on Singles Day, the frenzy offers brands a perfect opportunity to introduce themselves and hook customers that will come back durting the year to shop more.

press Info

Like eBay, users on Taobao can purchase and sell new and used goods at fixed or negotiated prices, as well as through auction-style listings. Unlike eBay, most goods are new, and there are no listing or transaction fees — the majority of Taobao’s revenue comes from advertising. Next year, the company will bring in $716 million in pre-tax earnings and will be worth $14.3 billion, according to estimates from Goldman Sachs. More than 60% of buyers on Taobao and Tmall pay for their transactions using Alipay, a payment system comparable to PayPal. Twenty percent of transactions on B2C sites are also paid for using Alipay.

eCommerce is also expanding across the Middle East. Having recorded the world’s fastest growth in internet usage between 2000 and 2009, the region is now when? home to more than 60 million internet users. Retail, travel and gaming are the region’s top eCommerce segments, in spite of difficulties such as the lack of region-wide legal frameworks and logistical problems in cross-border transportation citation needed E-Commerce has become an important tool for small and large businesses worldwide, not only to sell to customers, but also to engage them. 41 42 Ahmed, Saqib Iqbal (27 October 2009). “GSI Commerce to buy Retail Convergence for $180 mln” Reuters Retrieved 6 April 2013

Users can search for items and filter results by popular categories such as shoes, dresses and sale, as well as search for specific items in the search bar in the upper-right hand corner of the page. The site doesn’t update what’s sold as quickly as it probably could, and it can certainly be a bit costly depending on what you’re looking for, but it’s still a great online option for those who would prefer browsing with an open mind over searching for something specific. Beijing has gone shopping mad. Chinese people are getting rich faster than anyone else on the planet and are shopping like they know it.

The cheap price of the products from China purchase agent is one of the main factors which attract me do online shopping. The price level of consumer goods in Danish price level is higher than other countries so that the online shopping in China is a good choice for me to save enough money. By the help of, people can enjoy the low price products without going out of the door.” Olson said. No matter what kind of situation, these obstacles will be eliminated one by one through the developing of China’s economy. Frankly speaking, the goods on website are really very cheap.

Products made in China are well known for its low price and acceptable quality, and online shopping is growing fast in China, more and more people enjoys the low price and fast delivery offered by the online shopping stores. Here is a list of top 10 China online shopping websites based on popularity. All of these online business are in English language, while some of them offering more language options. Chinavasion is a global China wholesale and China dropshipping company located in Shenzhen, China right across the China-Hong Kong border. Established in 2006, Chinavasion was the first company ever to offer electronics drop shipping direct from China.

china’s Soaring Service Sector

Chinese are also doing more shopping on mobile devices, which is not surprising given the rapid sales of smartphones and tablets. In the first hour of sales, from midnight to 1 a.m. Monday, Alibaba said 24 percent of the orders came in via smartphone. In preparation for Singles’ Day, Alibaba added extra servers and enhanced logistics to deal with the expected surge in demand. E-commerce shopping companies like Alibaba built anticipation for 11/11 by letting consumers put items into online shopping carts before the sales actually began. Tmall said five million customers had already selected more than 40 items each by Sunday evening.

Goodwill has long been the premiere thrift shop of choice for those with a conscious. Created by the Goodwill folks of Orange County, is a robust online auction site more akin to eBay than the traditional store counterpart we all know and love. The site hosts a wide array of items, from decrepit instruments and gaudy china to that one-of-a-kind polyester suit you’ve been trying to think of a practical use for, and features simply filtering options and search tools for better fine tuning your results by collectibles, tools, electronics and a swath of other common groups. The “Hot 50 Items” is also always worth a look.

This year’s 11.11 sale involved over 20,000 merchants, including big brands like Gap and Uniqlo, offering deep discounts on an array of goods. The number of unique visitors to the website also doubled to 402 million. Wal-Mart executives outlined plans Thursday to open up to 110 new stores in China over the next three years while closing some poorly performing stores and remodeling older locations. Renovations are in the works for about 45 stores this year, 55 next year and 65 the year after that, the company said. Walmart China plans to add a distribution center in Shenyang next month and more facilities over the next year.

The company provides best consumer goods and makes sure that the highest quality dresses are offered to them. The buying and payment procedure is also streamlined for the ease of the customers. The goods are delivered with precision and speed to all the customers worldwide. It offers the lowest prices as compared to the market and one can even avail 24 hour customer support. Due your due dilligence. Just as you would with any other item listing, read details about the item condition and other listing details carefully. Study the seller’s feedback profile and detailed seller ratings. Make sure you’re okay with the stated returns policy.

Enlarge A man and woman participants chat during a matchmaking party organized by one of the biggest Chinese matchmaking websites in Shanghai, China on Sunday Nov. 11, 2012. Singles Day was begun by Chinese college students in the 1990s as a version of Valentine’s Day for people without romantic partners. The timing was based on the date Nov. 11, or “11.11″—four singles. Unattached young people would treat each other to dinner or give gifts to woo that special someone and end their single status. (AP Photo/Eugene Hoshiko) The shopping complex is attached to the Shanghai International Commerce Centre and Shanghai ICC Residences, both of which have yet to fully open.

china Is About To Take America’s Online

Generally, the Chinese online shops that use such a program are international retailers or wholesalers targeting small and medium-sized merchants. They sign contracts with the warehouses positioning in the overseas land and use the most cost-effective shipping method – ocean shipping to send a ton of different items to the warehouses first. After the goods are stocked there, the stores start to list them online for sale. Once you order an item that is available at the local warehouse, their partners will manage the delivery within one business day and you will get it in a few days only. was developed by, and is operated by Focus Technology Co., Ltd. Focus Technology is a pioneer and leader in the field of electronic business in China. Founded in 1996, with the mission of enabling clients to drive cost down and increase sales and profits with effective web-based solutions, Focus Technology has helped many Chinese small-and-medium-sized enterprises compete in international trade, advance into new markets and meet the needs of their clients. is a Free Shipping China shop online. A lot of consumers worldwide shopping gadgets online, like protective case for iPad2, electronics gadgets and other cheap deal gadgets.

This year, many Western brands are attempting to capitalize on the 11.11 Shopping Festival in China through Alibaba’s website, including Microsoft, Gap and Toys “R” Us. Information about selling on the site is available on this Tmall page , and a company called Export Now is helping American companies build flagship stores on Tmall, dealing with language, regulations, logistics and distribution on behalf of merchants and brands. The deal comes a month before China’s Lunar New Year holiday in late January, a big gift-buying season. That “will provide an immediate boost to Apple’s share in China,” said analyst Nicole Peng of Canalys, a research firm.

Ed Mort of Los Gatos arrived at Valley Fair shortly after 9 a.m., and before 1 p.m. he was happily getting his purchases wrapped at the mall gift-wrapping station. Among Bay Area sports fans, there was another reason to finish shopping on Sunday – the San Francisco 49ers game on Monday, when the team plays its last game at Candlestick Park before it moves into its new $1.3billion stadium next season in Santa Clara. While Sunday closed out one of the busiest shopping weekends of the year, a National Retail Federation survey declares that about about 10 percent of consumers will wait until Christmas Eve to finish their shopping.

This online store offers a wide range of these dresses, all designed by the top designers. It gives a classy image to the person wearing the dresses offered by Coniefox. As per the company website, their One Shoulder Prom Dresses are another remarkable outfit for winters. These are of the highest quality but low on price. The designing is done as per the latest fashion and the recent trends. Different sizes and colors like blue, red, black, pink, orange, green etc can be availed online from them. These dresses incorporate highest rating from the customers who have been satisfied with their usage.

biggest Online Shopping Day Belongs To China

On Monday, China’s biggest online shopping company processed more than $5.75 billion in its online payments system — a record for a single day anywhere in the world, surpassing by two and a half times the total for American retailers last year on so-called Cyber Monday. The company, Alibaba, which owns Tmall and other e-commerce sites, first latched onto so-called Singles’ Day, symbolized by the four lonely 1s of 11/11, five years ago. The company realized men could just as easily seek solace by buying electronic devices and other gear on its sites. Soon enough, just about everyone else did, too.

Alibaba reported Monday that it had 402 million unique visitors to its sites — more than a third of the adult population in China — and prepared 152 million parcels for shipping., one of Alibaba’s shopping sites, said Chinese bought 1.6 million bras, which it helpfully noted would reach three times the height of Mount Everest if folded and stacked, and two million pairs of underpants, which if linked together would stretch 1,800 miles, all before the lunch hour. In all, Ms. Yuan spent 1,500 renminbi, or nearly $250, before calling it a night. That, Ms. Yuan said, represented about half a month’s living costs for her.

Like Veterans Day sales in the United States, Singles’ Day promotions retain little connection with the people or events that inspired it. As a red letter day for shoppers, it has spread beyond lonely hearts to Chinese consumers of all kinds — single or married. China’s one-day shopping craze heralds the frenetic growth of Internet shopping in that country. China is set to overtake the United States this year as the largest online shopping market in the world, according to Forrester Research. Chinese consumers are expected to spend $290 billion at online retail sites this year, compared with $260 billion for their counterparts in the United States.

China’s enthusiasm for online shopping is expected to continue to grow faster than that of the United States. Bain, a global consulting firm, expects online shopping in China to grow at an annual rate of 32 percent from this year through 2015. That is slower than the fevered pace of 71 percent recorded from 2009 through 2012. But it is still well above the 13 percent average rate expected for 2009 through 2015 in the United States. In 2015, the firm forecasts e-commerce in China will total $500 billion. BEIJING — Apple and China Mobile announced a long-anticipated agreement Monday to bring the iPhone to the world’s biggest phone company.

While most Chinese were looking for deals, not everyone was pinching yuan. On Monday afternoon, Alibaba announced to the more than 300 journalists who had gathered at its headquarters in Hangzhou for updates on sales that a woman from Zhejiang Province had bought a 13.33-carat diamond, costing $3.37 million. While it was Alibaba that turned Singles’ Day into a shopping event, other e-commerce companies are getting in on the action., another retailer, tried to get a jump on Alibaba by starting its 11/11 sale three days early. Because Chinese consumers distrust advertising and news sources, recommendations from online reviewers and peers on social networks have heightened roles.