Of course, given the consumer-centric undertones of the holiday, it wasn’t long before retailers began to take notice, with one in particular launching a massive ad push in 2009. That year, the e-commerce monolith Alibaba began aggressively marketing around the day itself, offering specially-timed “Double 11” deals and bargains via its sites Taobao.com and Tmall.com, much like stores do on Black Friday in the United States. The debut of these promotions coincided with the explosive rise of e-commerce in China, leading to 5,740 percent growth in Alibaba’s “Double 11” sales between 2009 and 2013.
The retailer, which now holds a trademark on the phrase “Double 11,” also continues to own, at least metaphorically, the holiday itself. This year, within the first eight minutes of opening its proverbial doors, Alibaba had sold more than $1 billion in merchandise. In total on Singles Day, the company raked in $14.32 billion, breaking the record it had set in 2014, when it made a measly $9.3 billion. While many other vendors also offer enticing discounts, Alibaba continues to sweep online retail purchases, partly because of its history with the event as well as its existing dominance in Chinese e-commerce, making up 80 percent of Internet sales there. ----FW from http://www.theatlantic.com/