Shares of JD.com, the Chinese e-commerce service that rivals Alibaba, are on the rise today after the online retailer announced better than expected results for Q4 2018, bucking uncertainty around tech companies in China. The company reported net revenue of RMB 134.8 billion ($219.6 billion) for the final quarter of last year. Despite representing the […]
View More JD.com shares take off despite slowing revenue growthCategory: Singles Day
Lazada, Alibaba’s Southeast Asia e-commerce business, gets a new CEO
Alibaba has reshuffled the leadership at Lazada, its e-commerce firm in Southeast Asia, after CEO Lucy Peng — an original Alibaba co-founder — stepped down to be replaced by Lazada executive president Pierre Poignant after just nine months in the role. Alibaba owns more than 90 percent of Lazada but it has been involved in the business […]
View More Lazada, Alibaba’s Southeast Asia e-commerce business, gets a new CEO11/11 shows biometrics are the norm for payments in China
Chinese consumers were quick to adopt digital payments, and a recent shopping binge showed they are ready for another leap: biometric payments. On November 11, Alibaba wrapped up Singles’ Day – the world’s largest shopping event – and hauled in $30.8 billion in total transactions, a staggering amount bigger than Cyber Monday and Black Friday combined. […]
View More 11/11 shows biometrics are the norm for payments in ChinaAlibaba rival JD sees Singles’ Day revenue jump 27% thanks to offline push
Alibaba may have pioneered the concept of Singles’ Day, the world’s largest shopping day based on sales, but it very much not the only e-commerce giant involved. JD.com, Alibaba’s biggest rival in China, just announced that it sold RMB 159.8 billion ($23 billion) in goods for its Singles’ Day campaign. Unlike Alibaba, which racked up $31 billion […]
View More Alibaba rival JD sees Singles’ Day revenue jump 27% thanks to offline pushShoppers spent a record $30 billion on Alibaba for Singles Day this year
Never underestimate the power of single people buying themselves stuff.
Chinese e-commerce giant Alibaba reported its highest individual sales day ever on Singles Day, an informal holiday dedicated to people who aren’t in relationships.
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Alibaba sets new Singles’ Day record with $31B in sales, but growth is slowing
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 slowing7 in 10 people in Southeast Asia scrambled to buy on ‘Singles’ Day’ via their mobiles
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If you hadn’t heard, Saturday’s Singles’ Day sale in China absolutely smashed last year’s already phenomenal record, bringing in $25 billion in a day on a single shopping site — Alibaba Taobao.
Over in Southeast Asia, a quieter storm is brewing, but it’s an important indicator of a market that’s rapidly embracing ecommerce.
Lazada — incidentally majority owned by Alibaba — is of the more popular ecommerce sites that sells across the region comprising countries like Singapore, Malaysia, Thailand, and Indonesia.
Saturday’s sale netted Lazada a pretty respectable $123 million in sales, or 6.5 million items, nearly double last year’s performance. Read more…
More about Shopping, Alibaba, Taobao, Black Friday, and Singles Day
View More 7 in 10 people in Southeast Asia scrambled to buy on ‘Singles’ Day’ via their mobilesChina’s second largest e-commerce firm just showed Alibaba has serious competition
Alibaba invented China’s biggest shopping day — 11/11 aka Single’s Day — and it dominates the headlines with record sales year-on-year, but another company just stepped out to remind us that others are busy trying to close the gap. JD.com, the perennial challenger to Alibaba’s e-commerce empire in China, just revealed its 11/11 figures for the first time. While… Read More
Alibaba smashes its Single’s Day record once again as sales cross $25 billion
Alibaba has set another Single’s Day record after the e-commerce giant sold over $25 billion of product on the Chinese biggest online shopping date. The full number comes in at 163.8 billion RMB, that’s roughly $25.4 billion, in GMV — that’s “gross merchandise volume” which is used to measure a dollar value for all sales on a platform. In Alibaba’s… Read More
Chinese company offers lifetime’s supply of liquor for just $1,673
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A lifetime of liquor for just over $1,000?
A Chinese liquor company is selling a lifetime supply of baijiu, a Chinese liquor, for just 11,111 yuan ($1,673).
According to Jiang Xiao Bai, the company, its promotion is limited to the first 33 customers, who will receive a carton of baijiu — which contains twelve 100ml bottles — every month, until their death. If they do pass on within five years of their purchase, the alcohol supply can be transferred to a family member.
Jiang Xiao Bai’s online listing on Tmall
Image: tmall/江小白/screenshot Read more…
More about Alibaba, Tmall, Black Friday, Singles Day, and Baijiu