Tag Archives: baba

China Shops, Alibaba Drops As 11.11 Spree Sets Record

China’s big “11.11” shopping event went off like a firecracker, with $14.3 billion in buying and selling taking place on Alibaba Group’s (BABA) online platforms. The event started as an anti-Valentine’s Day joke and now “Singles’ Day” far surpasses the U.S. online sales on Black Friday and Cyber Monday combined. Alibaba And Amazon Charts Alibaba stock gets a high 93 Composite Rating from IBD out of a possible 99. After running up 47% since the

China’s Singles Day A Bonanza For Alibaba, JD.com

With the participation of Hollywood celebrities and loads of sales promotions, Alibaba (BABA) celebrated a record-setting day with China’s biggest shopping day of the year Wednesday. By the midnight end of the 11.11 event in China, which was 11 a.m. today in New York, the e-commerce giant recorded $14.3 billion in sales transactions across its various websites, far surpassing the $9.3 billion recorded on the same day a year ago. JD.com (JD), the

China’s ‘11.11’ Shopping Day Speeds Past Black Friday

In its first 90 minutes, China’s biggest shopping day of the year logged $5 billion in online sales, more than America’s full Black Friday and Cyber Monday made combined last year. The “11.11” event tally, just counting sales handled on e-commerce giant Alibaba’s (BABA) platforms, saw $3.8 billion in mobile buys by 2:04 a.m. local time, topping all of “Singles’ Day” 2014. In opening remarks, CEO Daniel Zhang said the “world will