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Tag: Alibabas

Alibaba’s Global Shopping Festival reports strong early results

Brief Courtesy of Alizila Author By Tatiana Walk-Morris Dive Brief: Over 100 brands participating in Alibaba’s Global Shopping Festival reached RMB 100 million ($15 million) in gross merchandise volume in less than two hours during the first sales period, the company announced on Wednesday. Among the brands that saw rapid sales were Nike, Adidas, Apple and …

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Alibaba’s Jack Ma says Singles’ Day shopping results miss expectations, Retail News, ET Retail

Alibaba co-founder Jack Ma said on Wednesday results from the Singles’ Day annual online shopping festival had missed the Chinese e-commerce giant’s expectations. Launched in 2009, Singles’ Day has become China’s version of U.S. online sale event Cyber Monday, which follows America’s Thanksgiving holiday. Analysts monitor sales on Singles’ Day to gauge consumer sentiment in …

Alibaba’s Jack Ma says Singles’ Day shopping results miss expectations, Retail News, ET RetailRead More

L’Oreal, Nestle score big at Alibaba’s Singles’ Day shopping fest, Retail News, ET Retail

By Brenda Goh and Josh Horwitz SHANGHAI/HANGZHOU, China, – Chinese shoppers snapped up food supplements, facial masks and baby milk powder at the world’s largest shopping festival, with brands such as L’Oreal and Nestle among the biggest winners, Alibaba data showed. The Chinese e-commerce giant’s annual Singles’ Day shopping blitz on Monday brought in a …

L’Oreal, Nestle score big at Alibaba’s Singles’ Day shopping fest, Retail News, ET RetailRead More

Alibaba’s Singles Day sales top $30bn as it heads for record-breaking return | World news

The Chinese retailer Alibaba Group said on Monday that sales for its annual Singles’ Day shopping blitz have crossed the $30bn mark, putting the event on track to set a record in its 11th year. The figure is equivalent to over 80% of US rival Amazon’s online store sales in the latest quarter and matches …

Alibaba’s Singles Day sales top $30bn as it heads for record-breaking return | World newsRead More

More US retailers to participate in Alibaba’s Singles’ Day this year

Alibaba‘s annual e-commerce extravaganza is about to begin. And as the Chinese retail giant has courted more brands to participate, retailers around the world are bracing for the biggest shopping event of the year. Alibaba’s Singles’ Day debuted on Nov. 11, 2009, as a day for those people not in romantic relationships to celebrate themselves …

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Alibaba’s revenue growth eases in Q2, Retail News, ET Retail

Chinese e-commerce giant Alibaba said second quarter revenue growth slowed to 40% on-year Friday, although net profits more than tripled thanks in part to a one-time payment from a fintech affiliate. Total revenue was 119 billion yuan ($16.9 billion), with growth down from 42% in the April-June period and 54% in last year’s second quarter, …

Alibaba’s revenue growth eases in Q2, Retail News, ET RetailRead More