Chinese e-commerce giant Alibaba has beaten market expectations with a huge jump in quarterly revenues fuelled by online shopping. Revenues for the three months to September rose 61% on the same ...
at its online store on Alibaba Group Holding's Tmall platform, as the US tech giant looks to boost sales on Singles' Day, the world's biggest shopping festival, amid stiff competition in China.
BEIJING -- Starting Friday, consumers shopping on Alibaba's Taobao platform can now use Tencent's WeChat Pay for transactions, according to an official statement from Taobao. The new payment ...
News of China's economic stimulus has given Chinese equities a spike this week with Alibaba BABA starting to turn heads again. Alibaba’s stock has catapulted +14% this month with BABA now ...
The annual Singles’ Day festival, which was initiated by Alibaba in 2009 as a 24-hour online retail event, has become a proxy for many investors to track consumer spending in China as well as an ...
Tencent Holdings has begun letting users shop on Alibaba Group Holding’s Taobao ... the two largest online marketplaces in China, began accepting WeChat Pay for online purchases.
Alibaba's CEO, Daniel Zhang, sees a business opportunity to co-opt the unofficial holiday in an attempt to drum up more online sales. In China, spikes in shopping sales were common in late ...
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