China's online retail giant alibaba says it has pulled in $9.3bn (£5.9bn) in sales from its annual 'singles' day' shopping event. Singles day is the world's biggest online shopping day, annually falling on november 11th. Alibaba group holding ltd 9988.
Alibaba Singles' Day Ends Strongly As Beijing Crackdown Looms - Bloomberg from www.bloomberg.com
That's an increase of 8.5% from a year ago — far lower than the top end of a forecast recently given by analysts at citi, who expected as much as a 15% increase, or 578 billion yuan.
Singles Day Alibaba 2023 11 Where Billions Of Dollars Of Items Are Purchased On.
Currently, the holiday serves as the largest shopping day, both online and offline, in the world. That's an increase of 8.5% from a year ago — far lower than the top end of a forecast recently given by analysts at citi, who expected as much as a 15% increase, or 578 billion yuan. Get live quotes on your mobile!
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