Alibaba Singles' Day sales hit $12 billion in first hour

Whether you're a working stiff or a business owner yourself, this is the place to discuss all aspects of financing your drinking habit ;-)

NO BUSINESS SALES HERE PLEASE, WE HAVE A SECTION FOR THAT IN THE CLASSIFIEDS.
Post Reply Previous topicNext topic
User avatar
phuketrichard
Expatriate
Posts: 16851
Joined: Wed May 14, 2014 5:17 pm
Reputation: 5764
Location: Atlantis
Aruba

Alibaba Singles' Day sales hit $12 billion in first hour

Post by phuketrichard »

Building new malls in PP is a mistake!!!
* Singles Day sales hit $1 bln mark in 1 minute, 8 seconds
* Alibaba event is akin to Black Friday and Cyber Monday
* Shopping festival raked in $30 bln in 2018

HANGZHOU, China, Nov 11 (Reuters) - Chinese e-commerce giant Alibaba Group Holding Inc said on Monday that sales for its annual Singles' Day shopping blitz hit 84 billion yuan ($12 billion) within the first hour, up 22% from last year's early haul of 69 billion yuan.

Akin to Black Friday and Cyber Monday in the United States, Singles' Day has been promoted as a shopping fest by Alibaba Chairman and CEO Daniel Zhang since 2009, growing rapidly to become the world's biggest online sales event.
https://news.yahoo.com/1-alibaba-says-s ... 02568.html
In a nation run by swine, all pigs are upward-mobile and the rest of us are fucked until we can put our acts together: not necessarily to win, but mainly to keep from losing completely. HST
Top
Adam Xie
Expatriate
Posts: 203
Joined: Fri Jul 12, 2019 11:48 am
Reputation: 43
Cambodia

Re: Alibaba Singles' Day sales hit $12 billion in first hour

Post by Adam Xie »

In next few days, gonna be the peak hour for cancellation of order, and request for refund...
Top
Post Reply Previous topicNext topic
  • Similar Topics
    Replies
    Views
    Last post

Return to “Business and Finance”



Who is online

Users browsing this forum: Majestic-12 [Bot] and 130 guests