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Tag Archives: Alibaba

Alibaba nets record $30 billion in Singles' Day haul, but growth rate plunges

SHANGHAI (Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd cashed a record 213.5 billion yuan ($ 30.7 billion) in sales on Sunday during its 24-hour online retail frenzy Singles’ Day, but the event’s annual growth dropped to its slowest rate. Shoppers in China and across the world snapped up hot items including iPhones, furniture and milk powder starting pre-dawn, ...

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Alibaba Singles Day: Dollars or data?

Singles Day, on 11 November, was invented by Alibaba and is the biggest online shopping day in the world. But it may well be the Chinese e-commerce giant’s biggest data collection event in the year too. Presented by Monica Miller. Produced and written by Tessa Wong. … BBC News – Business

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Alibaba sees opportunities amidst trade tensions as cloud revenue climbs 90 percent

Alibaba Group’s cloud computing business continues on its growth momentum, clocking a 90 percent spike in revenue for the company’s second fiscal quarter, fuelled by higher value-added services and customer growth. The Chinese internet giant said cloud revenue reached US$ 825 million for the quarter, during which it introduced more than 600 products and features across various areas such as ...

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Alibaba Cloud expands in Europe as it aims to change the rules

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