• Alibaba's Singles Day made e-commerce history - but the numbers also suggest China's economy is cooling down

    1 month ago - By Business Insider

    Alibaba made e-commerce history on Sunday, recording $30.8 billion in sales in 24 hours at the its Singles Day celebration.
    But the annual growth rate dropped from 39% to 27%, the smallest gain in the event's 10-year history.
    This comes as China, the world's second-largest economy, cools down amid deleveraging and ongoing trade tensions with the US.
    Watch Alibaba trade live.
    The Chinese e-commerce giant Alibaba 's Singles Day event on Sunday was the biggest online-shopping day in history, but it also signaled a weaker macro environment in China.
    Alibaba reported that customers spent $30.8...
    Read more ...

     

  • Alibaba's Singles Day made e-commerce history - but the numbers also suggest China's economy is cooling down

    Alibaba's Singles Day made e-commerce history - but the numbers also suggest China's economy is cooling down

    1 month ago - By Business Insider

    Alibaba made e-commerce history on Sunday, recording $30.8 billion in sales in 24 hours at the its Singles Day celebration.
    But the annual growth rate dropped from 39% to 27%, the smallest gain in the event's 10-year history.
    This comes as China, the world's second-largest economy, cools down amid deleveraging and ongoing trade tensions with the US.
    Watch Alibaba trade live.
    The Chinese e-commerce giant Alibaba 's Singles Day event on Sunday was the biggest online-shopping day in history, but it also signaled a weaker macro environment in China.
    Alibaba reported that customers spent $30.8...
    Read more ...

     

  • Alibaba's Singles Day made e-commerce history - but the numbers also suggest China's economy is cooling down

    Alibaba's Singles Day made e-commerce history - but the numbers also suggest China's economy is cooling down

    1 month ago - By Business Insider

    Alibaba made e-commerce history on Sunday, recording $30.8 billion in sales in 24 hours at the its Singles Day celebration.
    But the annual growth rate dropped from 39% to 27%, the smallest gain in the event's 10-year history.
    This comes as China, the world's second-largest economy, cools down amid deleveraging and ongoing trade tensions with the US.
    Watch Alibaba trade live.
    The Chinese e-commerce giant Alibaba 's Singles Day event on Sunday was the biggest online-shopping day in history, but it also signaled a weaker macro environment in China.
    Alibaba reported that customers spent $30.8...
    Read more ...

     

  • Walmart has apparently been worried about Amazon for more than 15 years - here are all of the changes it has made to keep up in the online-shopping battle

    Walmart has apparently been worried about Amazon for more than 15 years - here are all of the changes it has made to keep up in the online-shopping battle

    1 month ago - By Business Insider

    Walmart has been worried about Amazon for years, and it has forced Walmart to make some major changes to its e-commerce strategy.
    Those changes have included introducing two-day shipping and improved grocery delivery options.
    Here's how Walmart has evolved to keep up with Amazon.
    Walmart has been worried about Amazon for over a decade, according to former Walmart board member John Chambers. In 2003, Amazon was eight years old and was just starting to turn a profit. Still, Walmart was worried about the growing online retailer.
    "This is something that I know. I saw Amazon coming at Walmart...
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  • We went to Alibaba's 24-hour shopping extravaganza that is like nothing in America, featuring a Mariah Carey performance and an online-shopping-themed Cirque du Soleil act. Here's what it reveals about the future of retail

    We went to Alibaba's 24-hour shopping extravaganza that is like nothing in America, featuring a Mariah Carey performance and an online-shopping-themed Cirque du Soleil act. Here's what it reveals about the future of retail

    1 month ago - By Business Insider

    Alibaba 's Singles' Day is a massive, 24-hour shopping extravaganza unlike anything else in the world.
    This year, the event kicked off with a four-hour gala featuring countless celebrities, including model Miranda Kerr and singer Mariah Carey.
    The gala is just one way that Alibaba brings drama to online shopping. It's a crucial shot of hectic energy as historic shopping bonanzas like Black Friday lag behind.
    SHANGHAI, China - I've experienced the stampedes of Black Friday shoppers. I survived the Prime Day outage of 2018. And, like an increasing number of Americans, I've checked deals on...
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  • E-commerce behemoth Alibaba smashes ‘Singles Day' records with $1bn in sales in just 85 seconds

    E-commerce behemoth Alibaba smashes ‘Singles Day' records with $1bn in sales in just 85 seconds

    1 month ago - By RT

    Chinese e-commerce giant Alibaba has smashed records for its Singles Day, the world's biggest 24-hour shopping event, despite an ongoing trade war with the US and waning domestic interest in the event.
    Read more ...