Singles’ Day became the 11.11 global shopping festival
FukaiNashi, Nanjing University Gulou campus, photographed 2015; Wikimedia Commons CC BY-SA 4.0. Modern campus context only; not identified as the dormitory or location of the alleged 1993 origin. No edits. https://commons.wikimedia.org/wiki/File:Nanjing_University,_Gulou_Campus.jpg
Singles’ Day is associated with Nanjing University and 1993, but this widely repeated origin story has not been independently verified: a university-hosted report says alumni representatives could not identify the people involved. Alibaba turned 11 November into a major online shopping sale in 2009 and later called it the 11.11 Global Shopping Festival. In 2018, the company reported 213.5 billion yuan (US$30.8 billion) in gross merchandise volume (GMV) over 24 hours. That is the value of orders on specified platforms, not Alibaba’s revenue or profit.

