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E-commerce giant Alibaba Group Holding Ltd said it generated more than US$3.9bil (RM17.2bil) in gross merchandise volume(GMV) within the first hour of its China's Singles' Day sale.
PETALING JAYA: South-East Asia’s Internet economy hits an inflection point in 2018 by garnering US$72bil (RM300.6bil) in gross merchandise value (GMV). E-commerce has been the fastest growing sector – reaching US$23bil in 2018 and expected to exceed US$100bil in GMV by 2025.
Chinese e-commerce firm Alibaba Group Holding Ltd said on Tuesday it expects to record 6 trillion yuan (US$912 billion) in gross merchandise volume (GMV) in fiscal 2020, nearly double the 3.09 trillion yuan it expects this fiscal year
Singles Day 11.11 is just nine days away. Alibaba’s warehouses and e-fulfillment centres all over China have been stocking up huge inventories for the biggest 24-hour sales event in the world.
The World’s Largest Single-Day Shopping Festival has come and gone. And more records have been set.
THE WORLD'S largest single-day shopping festival has come and gone. And more records have been set.
RAM Rating Services Bhd upgraded the rating of Syarikat Borcos Shipping Sdn Bhd's RM160mil Sukuk Ijarah medium-term notes (2008/2014) from A1 to AA3 and revised the outlook to stable from negative.
ALIBABA Group Holding Ltd should put its Singles’ Day shopping extravaganza out to pasture.