alibaba
Has China’s anti-consumerism movement hurt this year’s Singles Day sales?
State media outlets, including Renmin Daily and Xinhua News Agency, have backed an anti-consumerism sentiment that has been growing in China.
Alibaba touts $56 billion in sales after 30 minutes of Singles Day
Thirteen brands surpassed US$150 million in sales by 12:35 am on Singles Day, according to Alibaba. Also, see Katy Perry's "appearance" and a new fleet of autonomous delivery robot vehicles.
Ant Group IPO uncertainty clouds Alibaba Q2 numbers
While pandemic spending boosted topline by 30% for the second quarter, operating profit took a 33% knock due to expenses related to Ant Group.
100 brands sell RMB 100 million in first 111 minutes of Singles Day sales: Alibaba
Cartier's first-ever livestream attracts 770,000 viewers, and imported products including coffee beans and camel milk see high demand as the festival officially kicks off.
Alibaba invests $3.6 billion to take control of Sun Art Retail
Investment signals push by technology behemoth to grow omnichannel retail business.
Trump's potential ban on Alipay, WeChat would impact luxury and financial brands
The Trump administration is reportedly considering a ban on Chinese payment systems Alipay and WeChat Pay, which would impact not only those companies but many other brands and retailers as well.
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