Chinese ecommerce giants face delicate balance between discounts, profitAlibaba's earnings reports are crucial indicators for China's consumer sentiment, influenced by competition from Pinduoduo and Douyin. The ...
13 May, 2024, 07.31 AM IST
Alibaba's Taobao, Tmall cancel December shopping festival, to host substitute eventThe dates of the new festival were not included in the notice, which was posted in a help section for platform merchants. Alibaba did not i...
24 Nov, 2023, 04.37 PM IST
China's Singles Day: ecommerce giants report YoY sales growthOriginally a 24-hour online shopping event held on November 11 each year in China, the 'Singles Day' festival - a nod to the digits in the ...
12 Nov, 2023, 06.15 PM IST
China's Singles Day sales festival wraps up with e-commerce giants reporting sales growthThis year marked the second time Alibaba has not disclosed the actual yuan value of its sales for its landmark festival, which this year ce...
12 Nov, 2023, 08.23 AM IST
China's Singles Day sales festival wraps up with ecommerce giants reporting sales growthOriginally a 24-hour online shopping event held on Nov. 11 each year in China, the 'Singles Day' festival - a nod to the digits in the date...
12 Nov, 2023, 08.17 AM IST
Alibaba banks on aggressive Singles Day pricing to recoup sales mojoWhile Alibaba has announced that it will offer 80 million products at their lowest prices this year during Singles Day, which began in late...
31 Oct, 2023, 04.44 PM IST
Alibaba's quarterly revenue beats even as China's economic recovery sputtersIn the first quarter of its staggered financial year, the group's revenue amounted to 234.1 billion yuan ($32.5 billion), higher than analy...
10 Aug, 2023, 04.57 PM IST
China's e-commerce extravaganza loses shine as consumption declinesChina's midyear shopping festival, 618, is seeing lower consumer spending as customers face stagnant incomes and a tepid economy due to yea...
20 Jun, 2023, 02.51 PM IST
Chinese ecommerce giants entice cautious consumers with steep mid-year discountsThe 618 festival, named after the founding date of JD.com but embraced by all platforms and running from late May until June 18, is a key t...
16 Jun, 2023, 08.10 AM IST
China's JD.com posts slowest growth ever in '618' shopping eventCHINA-CONSUMPTION-China's JD.com posts slowest growth ever in '618' shopping event
19 Jun, 2022, 05.47 PM IST
Alibaba spotlights social welfare in last hours of toned-down Singles' Day shopping festThe e-commerce giant has this year toned down the marketing hype amid ongoing regulatory tightening from Chinese authorities, saying its fo...
11 Nov, 2021, 10.52 PM IST
China gears up for world's largest online shopping festivalThe shopping festival, which is the world's largest and falls on November 11 every year, is an annual extravaganza where China's e-commerce...
10 Nov, 2020, 10.58 AM IST
Alibaba’s Singles’ Day smashes previous records, clocks $38.37 billion in salesThe retail e-commerce giant with a networth of $486 billion has clocked a staggering amount in sales this year. Amidst a trade war with the...
16 Nov, 2019, 04.29 PM IST
Alibaba Singles’ Day sales touch $1 billion in 1 minute, $16.3 billion in less than 90 minutesAlibaba is all set to break its last year record of Singles’ Day sales as it clocked more than half of what it did last year in less than 9...
11 Nov, 2019, 09.14 AM IST
Alibaba kicks off 2019 11.11 global shopping festival with a concerted focus on 'green action'The 11.11 Global Shopping Festival, which culminates on November 11, taps a global supply chain to meet the growing demand of Chinese consu...
21 Oct, 2019, 01.10 PM IST
Alibaba's Singles' Day sales hits new high, $24.3 billion by mid-dayThe Alibaba Group's various shopping platforms broke the 10 billion-yuan (USD 1.44 billion) sales threshold within the first two minutes an...
11 Nov, 2018, 05.11 PM IST
China Singles Day online shoppers spend almost $ 6 billionThe most popular items sold on Singles' Day included underwear, diapers, baby milk formula, mobile phones, cars, diamond rings and home app...
12 Nov, 2013, 04.28 PM IST