News

Alibaba’s Singles Day beat Amazon’s estimated Prime Day sales within an hour and crushed analyst estimates for Black Friday and Cyber Monday combined

As Alibaba reaches the conclusion of Singles Day, its 24-hour shopping extravaganza held each year on November 11, the e-commerce giant has already crushed comparable US shopping events, including Black Friday, Cyber Monday, and Amazon’s Prime Day. Alibaba said that in its first hour, it generated an estimated $US13 billion […]
Alibaba’s Singles Day beat Amazon’s estimated Prime Day sales within an hour and crushed analyst estimates for Black Friday and Cyber Monday combined
Lifestyle

Why Singles Awareness Day shouldn’t exist

Singles Awareness Day is officially celebrated on February 15. It’s a day dedicated to recognising singles either by gift giving or small get-togethers. In my opinion, it doesn’t seem like a necessary or a happy holiday. I didn’t know there was such a thing as Singles Awareness Day. I thought […]
Why Singles Awareness Day shouldn’t exist
News

Alibaba’s straining to continue its era of record-breaking Singles’ Day sales — here’s how executives plan to keep growing

Alibaba broke e-commerce records yet again on Singles Day 2018, with customers spending $US30.8 billion over the course of the company’s 24-hour shopping bonanza. However, growth slowed compared to years past, revealing the pressure Alibaba is under to continue to post skyrocketing Singles Day sales. Alibaba executives are relying on […]
Alibaba’s straining to continue its era of record-breaking Singles’ Day sales — here’s how executives plan to keep growing
News

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.

Alibaba’sSingles Day is a massive, 24-hour shopping extravaganza unlike anything else in the world. In 2018, the event kicked off with a four-hour gala featuring numerous celebrities, including the model Miranda Kerr and the singer Mariah Carey. The gala is just one way that Alibaba brings drama to online shopping. […]
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.
Markets

The hot Australian brands at Alibaba’s Single’s Day shopping frenzy

Alibaba Group generated RMB213.5 Billion ($A42 billion) of sales during the 2018 Single’s Day sale. Australian brand Swisse ranked number one imported brand. Sales of Australian lamb increased 775%. Australian brands Swisse and Bio Island, both with vitamin supplement products, ranked in the top 10 imported products sold during Alibaba’s […]
The hot Australian brands at Alibaba’s Single’s Day shopping frenzy
News

Alibaba just had the biggest online shopping day of all time, nearly tripling every company’s 2017 Black Friday and Cyber Monday sales combined

Alibaba made e-commerce history on Sunday, with $US30.8 billion in sales over the last 24 hours as part of the company’s massive Singles’ Day celebration. The $US30.8 billion in generated sales is a significant increase from 2017, when customers spent $US25.3 billion. For comparison, total online sales on Black Friday […]
Alibaba just had the biggest online shopping day of all time, nearly tripling every company’s 2017 Black Friday and Cyber Monday sales combined
Markets

Alibaba slides ahead of its Singles Day shopping event

Alibaba will hold its Singles Day shopping event on Sunday. November 11 was originally a Chinese holiday for singles, and Alibaba has turned it into the world’s largest online shopping festival. Alibaba recently reported quarterly results that missed on revenues.The company also slashed its sales guidance in the wake of […]
Alibaba slides ahead of its Singles Day shopping event