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Chinese O2O retailer Suning has posted RMB172.97 billion (US$24.79 billion) in operating revenue in its third quarter performance report. The result shows a 31.15 per cent year-on-year increase on the reported figure during the first three quarters this year.…
Chinese e-commerce giant Alibaba launched a special section for Indonesian products on its platform on Friday to promote the country’s best products to more than a billion Chinese consumers. The section, known as the Indonesian Pavilion, debuted on Alibaba’s…
Alibaba and its partner retailers will face a massive challenge ensuring flawless delivery of millions of parcels all over China and beyond given the expectations of further growth on Singles Day 2018 next week. “As the event grows, the logistics challenge…
Continuing momentum in Alibaba Group’s New Retail business helped drive a 56 per cent year-on-year growth in sales for the quarter to December 31. The performance of the New Retail category – which combines its online (non-marketplace) and fast-growing…
Bigger is not always better – or so retailers are discovering following the conclusion of the biggest shopping extravaganzas. While Singles’ Day hit a record US$25.3 billion dollars in sales, it was Black Friday and Cyber Monday that dominated social media…
As Americans prepare to savor the year’s best holiday sales opportunities, an even bigger sales extravaganza just took place in China: Singles Day. Singles Day is China’s annual e-commerce event, which takes place on Nov. 11 (hence its nickname, “11.11”), and…
While the US formulated online super sales, such as this week’s Black Friday, Asia has adopted the concept with a vengeance. In fact, China has increasingly been exporting Alibaba’s Singles Day (11.11) event, which this month racked up a massive US$35 billion…
China’s Singles’ Day online discount sales bonanza on Saturday saw bargain-hungry buyers spend over $38 billion, flooding the postal and courier businesses with around 331 million packages – and leaving an estimated 160,000 tonnes of packaging waste. The…
the frenzied annual celebration of consumption and commerce that is China’s much larger version of Black Friday — began as a protest of sorts against Valentine’s Day, propelled by college students in the 1990s. The event’s date, written numerically as 11/11,…
Alibaba, the Chinese e-commerce giant, said on 11 November 2017 its Singles’ Day sales extravaganza hit $25.4 billion, smashing its own record from last year and cementing it as the world’s biggest shopping event. Once a celebration for China’s lonely hearts,…
Three days out from China Singles’ Day, retail experts are predicting Alibaba’s annual e-commerce sales event will continue to set records. With the Chinese online giant expanding it to a 24-day shopping and entertainment bonanza, the global marketing hype is…
Worldpay, a global leader in payments, is predicting another record-breaking China Singles’ Day for businesses around the world, as the eCommerce extravaganza goes global. New data from Worldpay reveals that last year’s event grew by 39% globally1, with sales…
One in four Crocs stores will be closed globally as the maker of the world’s ugliest shoes plots a survival plan. The store cull was announced along with another quarterly loss: the shoemaker finished its last three months US$44.4 million in the red, albeit a…
About 17 per cent of discounts offered during China’s multi-billion-dollar Singles’ Day online sale event were not real, claims a state-backed consumer group. It is calling on the government to intervene and punish platforms and merchants for promoting fake…
Singles Day is no longer just about Alibaba. It’s more like Black Monday or Christmas, a nation-wide shopping event, covering everybody looking for great deals, not just the singletons, as it was originally conceived. Alibaba founder Jack Ma said last year…
Alibaba Group Holding Ltd. says sales from its massive Singles Day shopping event totaled $17.8 billion, up more than 24% from the record $14.3 billion sold last year. (This year’s total is RMB 120.7 billion, up 32% year-over-year due to fluctuations in the…
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