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China's online retailer Alibaba posted better-than-expected quarterly earnings of $2.15, a share, ... ($2.15) on sales of 236.5 billion yuan ($33.7 billion) for the quarter ended Sept. 30.
Although Alibaba stock looks reasonably priced, Amazon's lower business risk from the U.S.-China tensions gives it the edge ...
The sale is mainly aimed at shoppers in China and Asia. Close to 100,000 brands, 11,000 of them from outside China, will be selling orders on the site, said Alibaba.
Alibaba reported another year of record sales figures for Singles Day, the world’s largest annual shopping event.. But its momentum is seriously slowing down as China’s economy weakens and as ...
SAN FRANCISCO — Alibaba's Single's Day, China's one-day shopping spree, posted sales of $17.8 billion as of midnight Beijing time, a 32% year-over-year growth rate. “A lot of us had a $20 ...
Chinese retailer Alibaba said on Monday that sales for its annual Singles’ Day shopping blitz crossed the $30 billion mark at 4:31 p.m., putting the event on track to set a record in its 11th year.
That’s the lowest Alibaba has seen in the history of Singles’ Day sales, and a drop from 36 percent in 2017 — still, it remains impressive given how large the target is each year.
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 168.2 billion RMB ...