Trademagazin > News and articles > Company and Personal News > Another record-breaking Alibaba turnover on Singles Day
Another record-breaking Alibaba turnover on Singles Day
Another record-breaking. Chinese online retailer, Alibaba, saw record-breaking sales on Singles Day, Alibaba reported on Friday.
Alibaba Tmall’s e-commerce platform had total sales of 540.3 billion yuans (84.54 billion USD) in sales, with more than 40 billion yuans (6.2 billion USD) more than in the same period of last year. However, turnover growth has slowed to its lowest level in ten years. (MTI)
Related news
Chinese retailers see AI as the future of boosting sales
According to a new survey by Bain & Company, the…
Read more >Alibaba launches AI design tool for U.S. sellers
U.S. retailers selling goods on the Alibaba e-commerce platform have…
Read more >Alibaba launches new AI-based search engine for SMEs
Alibaba International has unveiled the beta version of its AI-based…
Read more >
More related news >
Related news
Romania’s largest food rescue platform merges with Munch, so you can now rescue food from nearly six thousand partners
After acquiring its Czech competitor, Munch is continuing its strategy…
Read more >Two-thirds of Valentine’s Day waste is not recyclable
In the European Union, more than 100,000 tonnes of waste…
Read more >95 million in aid from Tesco employees and customers to those in need in one and a half months
The country’s largest fundraising team is supporting the Ecumenical Relief…
Read more >