'Singles Day' has shoppers ready to spend big

Chinese consumers will spend on average 1,800 yuan ($295) per person during Double Eleven Shopping Festival, according to AdMaster, an independent third-party digital marketing data analysis and management solution provider.

The Nov 11 online shopping spree in the name of "Singles Day", a celebration for single people, has become China's most popular annual commercial event and created an e-commerce miracle.

Singles Day became 24 hours of crazy online shopping when Alibaba Group, operator of e-commerce platforms Taobao and Tmall, launched its first sales campaign on Nov 11, 2009.