Sophie Yu, Josh Horwitz
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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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