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Alibaba, JD.com say U.S. was top seller to China during Singles' Day event

Alibaba, JD.com say U.S. was top seller to China during Singles' Day event

By , Singles’ Day is usually a one-day sales event, the world’s biggest, eclipsing Black Friday and Cyber Monday in the United States. Many online companies offer deals at the event.Alibaba offered promotions in two windows starting Nov. 1 but calculated GMV over 11 days. JD.com offered deals Nov. 1 through Nov. 11.The event was overshadowed by news that China aimed to propose anti-monopoly rules for internet platforms.Alibaba’s Hong Kong-listed stock, which took a beating when regulators scuppered the listing of fintech affiliate Ant Group, dropped another 10% on Wednesday. It was up 3%...

November 12, 2020
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Alibaba, JD.com say U.S. was top seller to China during Singles' Day event

Alibaba, JD.com say U.S. was top seller to China during Singles' Day event

By , Singles’ Day is usually a one-day sales event, the world’s biggest, eclipsing Black Friday and Cyber Monday in the United States. Many online companies offer deals at the event.Alibaba offered promotions in two windows starting Nov. 1 but calculated GMV over 11 days. JD.com offered deals Nov. 1 through Nov. 11.The event was overshadowed by news that China aimed to propose anti-monopoly rules for internet platforms.Alibaba’s Hong Kong-listed stock, which took a beating when regulators scuppered the listing of fintech affiliate Ant Group, dropped another 10% on Wednesday. It was up 3%...

November 12, 2020
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China tourism rebounds over Golden Week but still below last year

China tourism rebounds over Golden Week but still below last year

By , SHANGHAI/BEIJING (Reuters) - Domestic tourism in China saw a robust rebound over the just-ended Golden Week holiday, encouraged by the country’s success in stamping out the novel coronavirus, although levels were still well short of last year.Tourism sites were visited by 637 million domestic tourists over the eight-day National Day holiday that started Oct. 1, 79% of last year’s total, China’s Ministry of Culture and Tourism said in a statement on Thursday.Domestic tourism revenues stood at 466.56 billion yuan ($68.7 billion), it added, down from nearly 650 billion yuan a year...

October 9, 2020
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China loses appetite for salmon, seafood on virus contamination worries

China loses appetite for salmon, seafood on virus contamination worries

By , BEIJING/SHANGHAI (Reuters) - China’s appetite for salmon and other seafood has crashed this month, after a resurgence in coronavirus infections in Beijing was traced to chopping boards for imported salmon in a wholesale food market in the capital.Exporters all the way to Europe are feeling the pinch as the virus scare prompts supermarkets and e-commerce players such as Taobao, JD.com and Meituan in China, the world’s top consumer of frozen and fresh seafood, to slash salmon sales.“I have cleaned out frozen fish from the refrigerator at home and won’t buy more,” said Ma Xuan, a...

June 24, 2020
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