The tremendous China retail market

Huge market: An employee prepares items for the upcoming “Singles Day” shopping festival at a logistics centre in Nanjing. The total retail market size in China has caught up and will surpass the US in the near future as China population is almost four times bigger than the US. — AFP

Singles Day 11.11 is just nine days away. Alibaba’s warehouses and e-fulfillment centres all over China have been stocking up huge inventories for the biggest 24-hour sales event in the world.

Sales on Singles Day in China is now six times bigger than Black Friday in the US.