Alibaba Headquarters Ahead Of Singles' Day Event

A sign promoting Alibaba Group Holding Ltd.'s 11.11 Singles' Day online shopping event, center, at the company's headquarters in Hangzhou, China, on Wednesday, Nov. 10, 2021. Alibaba's annual shopping bonanza, one that draws in hundreds of millions of people across the globe, is a more low-key affair this year as the e-commerce giant seeks to turn the focus away from increasing sales and more toward sustainability and philanthropy -- key pillars of President Xi Jinping's drive to reshape China's economy. Photographer: Qilai Shen/Bloomberg via Getty Images