New York – Chinese e-commerce giant Alibaba Group Holding Ltd has registered a record 213.5 billion yuan (30.70 billion dollars) in sales during Singles' Day, it’s largest 24-hour shopping event. The 27 percent year-on-year sales increase came short of previous year’s annual growth rate of 39 percent. "Today we reached 200 billion (yuan). But we...
Nov 12, 2018
The world's biggest shopping extravaganza is not Black Friday or Cyber Monday. Neither is it Christmas, Boxing Day or anything to do with retail giant Amazon. The shopping festival that surpasses all sales by numbers is China's Singles Day on Alibaba's platforms and it is happening this weekend. The 10th anniversary of Singles Day will occur on...
Nov 9, 2018
Started as a anti-valentines joke amongst university students, and later on adopted by Alibaba as a sales event to buy themselves a gift to celebrate the beauty of being single, it has since burgeoned into the world’s largest online shopping festival. Rarely do we see financial graphs that points so dramatically upward, and so consistently - but...
Nov 6, 2018
Chinese e-commerce giant Alibaba Friday posted a 54 percent boost in revenue in the second quarter and saw profits rebound ahead of Singles Day, the largest shopping holiday of the year in China. Alibaba reported a net profit of 20 billion yuan (2.9 billion USD), a 13 percent year-on-year increase, with strong revenue from its core business....
Nov 2, 2018
What started as a modest marketing event with just 27 participating merchants, has become one of the world's biggest sales events in just nine years. This is Singles Day of course, invented by Chinese online giant Alibaba and since renamed “Global Shopping Festival“, which broke all records this year for Alibaba with a gross merchandise volume...
Nov 16, 2017
London - Chinese e-commerce giant JD.com gave Alibaba a run for its money during Singles' Day, otherwise known as 11.11, the online shopping sales day. JD.com reported sales of 127.1 billion yuan, 19.14 billion US dollars for the shopping event, a 50 percent increase compared to last year. However, unlike its rival Alibaba, which reported sales...
Nov 13, 2017
Happy faces at Chinese online giant Alibaba: the inventor of Singles Day as a commercial event (now officially called “Global Shopping Festival“) announces ever increasing sales on 11th November each year; the sky seems the limit. Last year's record of 120.7 billion yuan (17.8 billion US dollars) was broken by midday on Saturday and increased by...
While veterans were recognized in the U.S. and those fallen in the Second World War were to be remembered in Europe, in China, this November,11 was to celebrate singles. The now largest e-commerce sale by volume closed with a new record 45 billion dollars in online shopping. Alibaba Group, during its flagship event Double 11 (also called 11.11...
London - 11.11, others known as Singles' Day, is set to leave Black Friday, Cyber Monday and even Amazon's Prime Day eating its dust, as becomes the leading online shopping bonanza. Occurring annually on November 11, Alibaba's shopping holiday is estimated to generate a record 158 billion yuan, 24 billion US dollars of sales this year according...
Nov 10, 2017
London - As Americans are waking up today to a plate full of stuffing, turkey and corn bread, retailers across the country - and overseas in the UK - will be counting down the minutes to tomorrow: Black Friday. Traditionally seen as the start to the holiday shopping period, as well as the day retailers go from the red into the black, this...
Nov 24, 2016
Chinese internet giant Alibaba has kicked off its annual Singles Day online shopping festival on November 11 - bigger than Black Friday and Cyper Monday combined - in style and spared neither cost nor effort to demand full attention. Via its online platform Tmall, the internet giant presented an eight-hour-long fashion show in Shanghai on Sunday...
Oct 27, 2016
London - Chances are you have heard of ‘Black Friday’ - the promotional, discounting frenzy which follows on from the US holiday Thanksgiving. Once seen as one of the biggest shopping days of the year, Alibaba Group - the world’s largest e-commerce company - is set to make its own online shopping festival, known as Singles’ Day, the shopping...
Oct 21, 2016
