Published: Fri, November 11, 2016
Economy | By Melissa Porter

SAIC Warns E-Commerce Firms on Utilizing Questionable Tactics for 'Singles Day'

The e-commerce giant again turned up the star-wattage for 2016, enlisting Hollywood actress Scarlett Johansson, sports celebrity David Beckham, basketball legend Kobe Bryant and pop-rock band One Republic to headline a pre-sale gala and drum up global attention.

Singles' Day is the equivalent of Cyber Monday in the USA, and brought in a staggering $14.3 billion in sales a year ago - a 60 percent jump from 2014.

ALIBABA is set to stage a countdown gala in Shenzhen to kick off the Single's Day shopping spree at midnight tonight, while consumers and vendors are making their final preparations for another blockbuster.

Perry has not commented on the cancelation via her highly followed (94 million) Twitter feed.

Katy Perry, 32, announced on November 10 that she won't be performing at a huge event in honor of Singles Day in China, along with OneRepublic and Kobe Bryant.

In their statement on Perry's cancellation, Alibaba admitted that they themselves 'and all of her fans in China are naturally very disappointed'. We also hope Katy and her family can quickly overcome the hard days.

Perry who has a large fanbase in China, apologized to her fans on Chinese social media platform Weibo writing, "Regretfully, I must cancel my appearance. due to a family emergency". Retired soccer star David Beckham, who was in the city for the festival with wife Victoria, stepped in as a replacement.

Alibaba's US -traded shares fell as much as 4.6 percent Thursday due to concerns about how Donald Trump's presidency could affect the company's overseas expansion.

It has been a tough week for Katy, who had been campaigning heavily for Democratic presidential candidate Hillary Clinton, appearing in a number of promos and at rallies to promote Clinton and even spoke at her election night event in NY. Do not weep. MOVE.

The last tweets Perry sent encouraged peaceful protests in America. "We are the industry leader in combating unfair and illicit practices; We never tolerate malpractices by merchants on our marketplaces", said an Alibaba spokesperson, according to the Financial Times.

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