alibaba

Retail
Alibaba Opens 11.11 Festival To The U.S.

Alibaba will bring the experience of its 11.11 selling festival to international audiences outside of China through a series of livestreamed events, each to be held from 10 a.m. to 11:30 a.m. eastern time on November 10 and November 11.

Retail
Alibaba Acquires Controlling Stake In Sun Art

In a move that further intensifies its competition with Walmart and Amazon, Alibaba Group said it will invest approximately $3.6 billion in Sun Art Retail Group Limited, a leading hypermarket and supermarket operator in China, that will raise its aggregate direct and indirect stake to approximately 72%.

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.