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Singles Day
Alibaba Sees Record Singles’ Day Sales
Singles’ Day has continued to grow as a major onlineshopping occasion in China, with Alibaba Group reporting record sales through itse-commerce sites. The total value of transactions on the Chinese retailgiant’s platforms rose 26% to CNY 268.4...
Retail Nov 12, 2019 Rapaport News
Alibaba Richemont
Richemont and Alibaba Bring Luxury to China
Richemont has partnered with Alibaba Group to improve Chineseconsumers’ access to the Swiss retailer’s luxury platforms. Alibaba will provide the technology and infrastructure to helpRichemont sell to the Chinese market through its e-commerce sites,...
Retail Oct 28, 2018 Rapaport News
Alibaba Singles Day
Alibaba Sells Record $18B in Single Day
Sales on Alibaba Group’s Alipay platform jumped 32 percent onSingles’ Day, underlining the day’s growing importance on the Chinese retailcalendar.The total value of transactions hit $17.8 billion (RMB 120.7billion) compared to $14.3 billion last year,...
Retail Nov 13, 2016 Rapaport News
Alibaba
Alibaba Settles $5bn on Alipay in First 90 Minutes of ‘Singles Day’
Five billion dollars were settled through third-party onlinepayment platform Alipay in the first hour and a half of the ‘Singles Day,’ anannual Chinese festival for bachelors, Alibaba Group said in a statement.Sales to the tune of $3.9...
Retail Nov 11, 2015 Rapaport News
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