11.11 news and archive

Alibaba to make 11.11 shopping festival global

Chinese e-commerce giant Alibaba has announced that it will bring its 11.11 shopping festival to international audiences outside China through a series of livestreamed events. The annual shopping event, now in its 12th year, is looking to boost growth and consumer engagement for online and offline merchants, by livestreaming events in English to...

Business

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 “...

BusinessFeatured

Forget about Black Friday, Singles' Day is where the money is at

London - As Americans are waking up today to a plate full of stuffing, turkey and corn bread, retailers across the country - and overseas in the UK - will be counting down the minutes to tomorrow: Black Friday. Traditionally seen as the start to the holiday shopping period, as well as the day retailers go from the red into the black, this...