Chinese e-commerce giant Alibaba Group said orders made during its Singles’ Day mega-shopping festival had exceeded $56 billion by Wednesday morning, as consumers sought to cash in on a deluge of discounts.
That’s already far ahead of last year’s Singles Day record of $38.4 billion.
This year’s shopping extravaganza comes a week after Alibaba lost almost $76 billion of its market value following China’s suspension of the $37 billion listing of Ant Group, the financial technology firm Alibaba owns a third of.
It also takes place as China experiences an economic rebound after getting the spread of the novel coronavirus under control within…
Continue lendo em https://insideretail.asia/2020/11/11/alibaba-shoppers-shatter-singles-day-record-already-spending-56-billion/
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