Alibaba

Alibaba Records “Robust Growth” in Sales and Sets Shopper Record During 2024 Singles’ Day Event

China’s largest e-commerce platform, Alibaba Group, has announced impressive sales numbers following this year’s Singles’ Day shopping festival, reporting “robust growth” and a “record number” of shoppers. The annual retail event, which began as a one-day affair on November 11,...
China's Consumer Prices Rise Less Than Expected in September; Factory-Gate Charges Continue Decline for 24th Month

Singles’ Day Shopping Festival Loses its Shine as Chinese Consumers Tighten Their Wallets Amid Economic Uncertainty

Once hailed as the world's largest online shopping festival, China's Singles' Day, celebrated annually on November 11, has lost much of its previous luster. Once marked by a frenzy of consumerism and staggering sales growth, this year’s event has been...