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 Closes Singles Day with Record Turnover
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
Market share of Chinese platforms in Spain reaches 34%
One in three (34 percent) of online purchases in the…
Read more >
Euromonitor International: China’s Alibaba the leading retailer and Indonesia’s GoTo the fastest growing retailer in Asia-Pacific
Kína zéró-Covid politikája az offline kiskereskedelmi forgalomban dollárban kifejezve 4%-os…
Read more >
Top 25 global retailers thrive amidst challenges to post 7.1% YoY revenue growth in 2022, reveals GlobalData
Despite the challenges of high inflation rates, labor shortages, and…
Read more >
More related news >
Related news
Chocolate fever and spicy orders – this is how Hungarians celebrate Halloween
Special orders and new candy trends in Central Europe: intimate…
Read more >
KSH: The sales prices of the food industry rose by 0.9 percent
In September, industrial producer prices were on average 0.9 percent…
Read more >
This is how Hungarians paint their homes with their own hands, every five years, white
PPG Trilak mapped the painting habits of Hungarians, Czechs and…
Read more >
