China's E-Commerce Giants Hope To Fuel Retail Rebound On Singles Day

BEIJING, CHINA - NOVEMBER 11: A worker from Chinese e-commerce giant JD.com works on an automated sorting machine at the company's main logistics hub during an organized tour for Singles Day on November 11, 2020 in Beijing, China. The online shopping blitz, known as Singles Day or Double 11, is the world's largest retail event and comes as Chinese consumers are emerging from the COVID-19 pandemic. The revival of consumer consumption is expected to boost China's economy, which is already showing signs of post-pandemic recovery and providing a bright spot for global brands and retailers. Singles Day sales for China's biggest e-commerce giants like JD.com are on pace to break previous records, pulling in $56 billion U.S. in the first 30 minutes, when combined with three days of pre-event sales. (Photo by Kevin Frayer/Getty Images)
BEIJING, CHINA - NOVEMBER 11: A worker from Chinese e-commerce giant JD.com works on an automated sorting machine at the company's main logistics hub during an organized tour for Singles Day on November 11, 2020 in Beijing, China. The online shopping blitz, known as Singles Day or Double 11, is the world's largest retail event and comes as Chinese consumers are emerging from the COVID-19 pandemic. The revival of consumer consumption is expected to boost China's economy, which is already showing signs of post-pandemic recovery and providing a bright spot for global brands and retailers. Singles Day sales for China's biggest e-commerce giants like JD.com are on pace to break previous records, pulling in $56 billion U.S. in the first 30 minutes, when combined with three days of pre-event sales. (Photo by Kevin Frayer/Getty Images)
China's E-Commerce Giants Hope To Fuel Retail Rebound On Singles Day
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Kevin Frayer / Stringer
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Getty Images News
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