Alibaba Group Holding and JD.com wrapped up their respective Singles’ Day promotions this year, with both Chinese e-commerce giants claiming strong results that signify a rebound in domestic consumer spending during the world’s largest annual shopping festival. Taobao and Tmall Group (TTG), Alibaba’s domestic e-commerce business unit, on Tuesday said its Singles’ Day campaign had … Read more
Alibaba Group Holding says this year’s Singles’ Day campaign has seen strong demand in four product categories – home appliances, consumer electronics, beauty and apparel – in a sign of consumer-spending recovery on the mainland, as the world’s largest online shopping festival drew to a close on Monday. Taobao and Tmall Group (TTG), Alibaba’s domestic … Read more
When Alibaba Group Holding held its eleventh Singles’ Day shopping festival in 2019, it culminated in Shanghai that November with a performance by American pop sensation Taylor Swift to help get consumers in a cheerful mood. Five years later, China’s largest e-commerce company decided a party for the world’s largest online shopping festival was no … Read more
Alibaba Group Holding has highlighted strong demand for emerging product categories such as designer toys and pet products during the Singles’ Day shopping festival, in the latest sign of a recovery in consumer sentiment in the world’s second-largest economy. The Singles’ Day event, the world’s largest online retail extravaganza, has seen strong growth in sales … Read more
TikTok owner ByteDance has been losing momentum in 2024, with slower revenue growth and narrower profit margins for the first three quarters compared with last year, according to local media. Revenue growth “significantly” slowed for the first nine months of the year, while profit margins slimmed for the first time since 2022, Chinese tech media … Read more
Under its Singles’ Day promotion, Apple’s Tmall store started offering a 500-yuan voucher for all iPhone 16 models from 8pm on Monday, according to a Tmall announcement on Sunday. Prices for the basic iPhone 16 model and the premium iPhone 16 Pro Max start from 5,499 yuan and 9,499 yuan, respectively. Tmall has also offered … Read more
Yang, known for her biting jokes about men, on Monday appeared in a JD.com live-streaming session that sparked a four-day backlash from some of the platform’s users, which prompted the Beijing-based online retailer to issue an apology on Friday. A Weibo user, with the pseudonym Zhichilaotou, said he had cancelled his JD.com account and persuaded … Read more
The Hangzhou-based e-commerce powerhouse on October 1 started a three-month promotion to waive delivery fees for certain Taobao orders that cost more than 99 yuan, covering categories such as fashion accessories, electronics, skincare and cosmetic products. Alibaba owns the South China Morning Post. Taobao, mainland China’s largest online shopping platform, has so far achieved double-digit, … Read more
Taobao and Tmall Group, Alibaba’s domestic e-commerce business unit, launched at 8pm on Monday the presale stage of its promotion for Singles’ Day – also known as 11.11 or Double 11, referring to the shopping extravaganza originally observed on November 11 – as the company anticipates a record-high volume of users taking part in this … Read more
Hong Kong has become the new battleground for Chinese e-commerce giants Alibaba Group Holding and JD.com, as they search for new growth opportunities amid stiff competition on the mainland. Both companies last week announced heavy investments into the Hong Kong market, waiving delivery fees for certain orders and boosting related services such as local product … Read more
