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Tag: recordbreaking

Alibaba Group: Alibaba poised to launch record-breaking $13.4 billion Hong Kong share sale

HONG KONG (Reuters) – Chinese e-commerce giant Alibaba Group is poised to launch a Hong Kong share sale expected to raise up to $13.4 billion as soon as Thursday, according to two sources with knowledge of the discussions. While Alibaba executives are preparing for a Thursday launch, sources said the timing could slip depending on …

Alibaba Group: Alibaba poised to launch record-breaking $13.4 billion Hong Kong share saleRead 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