Tag: Alibaba

BUSINESS

China’s Singles Day Breeds Billions

China’s annual Singles’ Day or Double 11, called Bachelors’ Day initially, is a Chinese unofficial holiday and shopping season, which takes place every year at this time — 11/11. The one-day shopping extravaganza regularly rakes in billions of dollars for Alibaba (BABA) and other e-commerce and retail companies in China on an annual basis, and this year was no exception. […]

BUSINESS

Alibaba Breaks Record With Singles’ Day Sale

Alibaba, the Chinese multinational conglomerate holding company, specializing in e-commerce, retail, Internet, and technology hits the record book in yet another year of its Singles’ Day promotional shopping event. Now, in its 11th year, sales for the company continue to boom more than ever before. The world’s biggest online shopping event raked in more than $30.8 billion in sales in […]

NEWS

A Whopping $21.8 Billion In Record Breaking Public Offer – Alibaba

A record breaking  $21.8 billion is what investors wrote in the Alibaba Group Holding Ltd Initial Public Offering (IPO) launched last week. The company’s share is expected to begin trading at a price between $80 to $83 per share, thus a bargain price way above the $68 IPO level. Alibaba is a HangZhou-based Chinese e-commerce company founded in 1999 by […]