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Tag: singles

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

Alibaba Singles Day sales missed expectations

Alibaba founder Jack Ma attends the 5th World Zhejiang Entrepreneurs Convention at Hangzhou International Expo Centre on November 13, 2019 in Hangzhou, Zhejiang Province of China. VCG | Visual China Group | Getty Images Alibaba co-founder Jack Ma said the company’s Singles Day performance missed expectations and blamed the hot weather and the fact the …

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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

ETF Edge on the bond boom, Singles Day, Chinese consumers

[The stream is slated to start at 1:00 PM ET. Please refresh the page if you do not see a player above at that time.] CNBC’s ETF Edge is dedicated to the fastest-growing trend in investing right now: ETFs. Every Monday, Bob Pisani will be joined by a panel of top market participants at the …

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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

Chinese shoppers set new ‘Singles’ Day’ spending record, Retail News, ET Retail

SHANGHAI: Chinese consumers spent a record amount on Alibaba platforms Monday during the annual “Singles’ Day” buying spree, the world’s biggest 24-hour shopping event, which kicked off this year with a glitzy show by US singer Taylor Swift. The country’s leading e-commerce firm said that by late afternoon the amount of goods bought surpassed the …

Chinese shoppers set new ‘Singles’ Day’ spending record, Retail News, ET RetailRead More

Alibaba eyes bigger Singles’ Day sales with online-offline integration, Retail News, ET Retail

HANGZHOU: Chinese e-commerce giant Alibaba is back with its shopping extravaganza 11.11 on Monday that sets the ball rolling for transactions across the globe. Initial sale numbers reflected the heartening sentiments. Total GMV surpassed $10 billion in less than 30 minutes on 11.11! The retail e-commerce giant with a networth amounting to $486 billion is …

Alibaba eyes bigger Singles’ Day sales with online-offline integration, Retail News, ET RetailRead More

Singles’ Day not a reason to buy Alibaba, market history says

China’s Singles’ Day, the world’s largest online shopping event, takes place next Monday, Nov. 11. Singles’ Day was started by e-commerce giant Alibaba a decade ago, and it’s become a sales phenomenon. In 2018 sales topped $30 billion, making it bigger than Black Friday and Cyber Monday combined. Some analysts, however, believe sales growth expectations …

Singles’ Day not a reason to buy Alibaba, market history saysRead More

Guest Column: Black Friday vs. Singles Day in China

This month, two major retail events take place in China, the biggest retail market in the world: Black Friday and Singles Day.  Both of these events matter because they profoundly influence global retail trends as well as U.S. retail strategy. In recent years, a growing number of American retailers and brands have paid close attention …

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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 …

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