Singles' Day sales in China dwarf those of Black Friday and Cyber Monday - combined.
Last year, I ended up buying items like makeup brushes, anime fan goods, and scrapbooking kits that I had not initially planned on purchasing.
The Singles' Day NFT offerings were slated to run from October 20 to November 11, but many of them sold out days before the event.
Nasdaq-listed gaming giant NetEase and ecommerce giant Alibaba have also jumped on the metaverse trademarking bandwagon.
Both tech behemoths changed the word "NFT" to "digital collectibles" on their platforms and websites.
Austin Li Jiaqi, also known as the Lipstick King, made record sales during a promotion for China's Single's Day, a shopping event akin to Black Friday.
The mass preorder event was held on Taobao on October 20, in the run up to the 11.11 Singles Day Shopping Festival.
Ma is reportedly in Spain where he will embark on a study tour on agriculture and technology related to environmental issues.
Alibaba stock was catching the attention of retail investors Thursday, according to a sentiment tracker from Swaggy Stocks.
Warren Buffett's business partner ramped up his bet on the Chinese e-commerce giant despite mounting regulatory threats.
Alibaba will also prohibit the sale of cryptocurrencies themselves and ban any tutorials, strategies, and software for obtaining digital assets.
"I believe very strongly that Chinese tech will weather the current rough storms," Fred Hu of Primavera Capital said on a podcast hosted by Goldman Sachs.
Six of the 10 billionaires who have lost the most wealth this year are Chinese business figures, including top names at Pinduoduo, Evergrande, and Tencent.
The study by Approve.com compared the market cap of the 50 biggest public companies alongside their average annual growth.
Investors in Chinese stocks have historically been rewarded with long-term outperformance, said Allianz Global Investors.
Chinese regulators had ordered Ant Group to restructure before allowing the fintech giant to complete its record-breaking $35 billion IPO.
Some international investors seemed to be wading back into Chinese tech stocks on Tuesday, with big-names like Cathie Wood buying the dip.