11.11 news and archive

JD.com raises 19.14 billion US dollars during its Singles' Day sale

London - Chinese e-commerce giant JD.com gave Alibaba a run for its money during Singles' Day, otherwise known as 11.11, the online shopping sales day. JD.com reported sales of 127.1 billion yuan, 19.14 billion US dollars for the shopping event, a 50 percent increase compared to last year. However, unlike its rival Alibaba, which reported sales...

RetailFeatured

11.11 to bring in 24 billion dollars, leaving Black Friday in the dust

London - 11.11, others known as Singles' Day, is set to leave Black Friday, Cyber Monday and even Amazon's Prime Day eating its dust, as becomes the leading online shopping bonanza. Occurring annually on November 11, Alibaba's shopping holiday is estimated to generate a record 158 billion yuan, 24 billion US dollars of sales this year according...

Retail

Alibaba brings Black Friday to China via Tmall.com

London - Those who thought Black Friday’s shopping frenzy was only limited to the western hemisphere need to think again, as Alibaba Group is brining the US promotional phenomena to China through its online marketplace Tmall.com For the first time Tmall.com has partnered with several US retailers, including Macy’s, Costco and Target, to launch “...