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Over 1 bn packages expected in China for Singles' Day

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Press Trust of India Beijing
Last Updated : Nov 08 2016 | 6:28 PM IST
Chinese courier companies are preparing to deliver more than a billion packages over the coming days due to Singles' Day, the world's largest online shopping day.
Liu Jun, deputy director of the State Postal Bureau, said couriers are expected to deliver more than 1 billion packages in the days following Singles' Day on Friday, 35 per cent up on last year, Liu said.
Singles' Day started as Bachelors' Day in China in 1990s.
While the day was then celebrated by drinking and partying, it has been hijacked by online retailers in recent years and become another massive extravaganza in consumption.
Singles' Day sales already dwarfs Black Friday in the US and Boxing Day in the UK. Sales on just one shopping site, Tmall were 91.2 billion yuan (around USD 14 billion) in 2015.
Some analysts expect sales to rise by as much as 50 per cent this year, state-run Xinhua news agency reported.

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First Published: Nov 08 2016 | 6:28 PM IST

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