Alibaba scored another blockbuster Singles’ Day after customers around the world shopped in stores and online on the tenth edition of its November 11 shopping festival. That puts this year’s gross merchandise volume – a measure for the dollar value of total transactions – at a staggering $30.8 billion, although the company recorded its lowest-ever […]
View More Alibaba sets new Singles’ Day record with $31B in sales, but growth is slowingCategory: joe tsai
Alibaba’s Jack Ma and Joe Tsai invest $20 million in Rent the Runway
Rent the Runway has snagged a $20 million investment from Alibaba CEO Jack Ma and Joe Tsai via Blue Pool Capital, Recode first reported. Blue Pool Capital is a multibillion-dollar fund that invests in public and private equity on behalf people like Ma and Tsai. The round reportedly values Rent the Runway at about $800 million. Rent the Runway’s previous investment came in back in 2016,… Read More