Chinese shoppers spend a record $25bn in Singles Day splurge

The annual event for lonely hearts is now four times bigger than Black Friday and Cyber Monday, the biggest shopping day in the US calendarShoppers have spent more than $25bn (168.2bn yuan) during China’s annual Singles Day, smashing previous records for the world’s largest retail event.
Single’s Day, promoted annually by Chinese e-commerce giant Alibaba and held on 11 November, was supposedly started by bachelor university students in the 1990s who bought themselves presents a