alibaba

Retail
Alibaba Sales Surge With Singles Day Event

Alibaba kicked off its 11.11 Global Shopping Festival on November 11 at midnight in China, and, in the first minute and eight seconds, gross merchandise volume (GMV) settled through the Alipay service reached $1 billion. In the festival’s first hour, Alipay GMV reached $12 billion.

Retail
Alibaba Challenges Amazon For B2B Customers

In a challenge to Amazon and its business-to-business operations, Alibaba.com has opened its platform to permit companies in the United States to sell their products to millions of Alibaba.com buyers in the U.S. and around the globe, with special emphasis on B2B enterprises.