• Alibaba's Singles' Day sales hit $30 billion, on track for record

    2 days ago - By Reuters

    Chinese retailer Alibaba Group Holding Ltd said on Monday that sales for its annual Singles' Day shopping blitz crossed the $30 billion mark at 4:31 p.m. , putting the event on track to set a record in its 11th year.
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  • Factbox: China's love of e-commerce powers Alibaba's Singles' Day

    2 days ago - By Reuters

    China's dominant e-commerce firm Alibaba Group Holding Ltd raked in $23 billion worth of sales in the first nine hours of its annual Singles' Day shopping extravaganza on Monday, setting records as the event celebrates its 11th year.
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  • Alibaba Singles' Day sales jump 25% in first 9 hours to $23 billion

    2 days ago - By Reuters

    Chinese retailer Alibaba on Monday said sales for its annual Singles' Day shopping blitz jumped 25% in the first nine hours to $23 billion, nearly two thirds of U.S. rival Amazon.com Inc's online store sales in the latest quarter.
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  • Alibaba Singles' Day sales jump 25% in first 9 hours to $23 bln

    2 days ago - By Reuters

    Chinese retailer Alibaba on Monday said sales for its annual Singles' Day shopping blitz jumped 25% in the first nine hours to $23 billion, nearly two thirds of U.S. rival Amazon.com Inc's online store sales in the latest quarter.
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  • Chinese e-commerce giants report booming Singles Day sales

    2 days ago - By Chron

    BEIJING - Chinese e-commerce giant Alibaba says merchants on its platforms sold $12 billion worth of goods in the first hour of Singles Day, a marketing event that has grown into the world's biggest online shopping day.
    Alibaba and rival JD.com reported a total of nearly $50 billion in sales by midmorning Monday.
    The so-called 11/11 event began as a joke holiday in the 1990s as an alternative to Valentine's Day for people without romantic partners and was adopted by Alibaba a decade ago as a marketing tool.
    Competitors including JD.com, Pinduoduo and Suning have joined in, offering...
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