The Chinese e-commerce giant Alibaba says all kinds of records were broken on this year’s Singles Day. The shopping holiday is held in China on November 11 every year and ostensibly celebrates ...
BABA is expected to report flat profits as sales rebound Chinese e-commerce giant Alibaba is expected to post flat quarterly profit and modest sales growth when it reports results for its September ...
SHANGHAI — Alibaba’s Singles’ Day sale cleared $74.1 billion, the company said just after midnight Thursday, just about doubling its takings from the $38.4 billion the Internet giant recorded last ...
Alibaba's 618 shopping festival shows strong momentum with 185 brands, including Apple and Xiaomi. 37,000 brands doubled sales compared to last year, supporting Alibaba's goal for double-digit revenue ...
Alibaba Group Holding Ltd said on Friday that sales during its annual Singles' Day shopping frenzy grew 8.5%, the slowest rate ever, underscoring strong regulatory and supply chain headwinds for China ...
Shares of Alibaba lost more than $12B in market value yesterday. The drop in price was due to a report from the Financial Times that SoftBank Group was drastically reducing its stake in the e-Commerce ...
Alibaba Group Holding Ltd. has announced its highly anticipated Hong Kong public offering during a challenging time for the financial hub. The multinational conglomerate is set to offer 12.5 million ...
Alibaba reported another year of record sales figures for Singles Day, the world’s largest annual shopping event. But its momentum is seriously slowing down as China’s economy weakens and as Beijing ...