Alibaba shopping extravaganza earns US$10b in first hour
Alibaba shopping extravaganza earns US$10b in first hour
The Alibaba Group claims this year's mega 11.11 sale will be its biggest ever
12 November, 2018, 03:54
Singles' Day, also called "Double 11" is the world's biggest online sales event, outstripping the sales of U.S. shopping holidays Black Friday and Cyber Monday combined. This year's tally breaks from gloomy forecasts about the world's second-largest economy, which is struggling with a tariff war with the USA, a stock market slump and slowing overall growth.
As a kind of antidote to the societal pressures of being in a relationship, many of China's singles began splurging on themselves on Singles' Day, which became seen as a type of anti-Valentine's Day.
The Twitter-like Weibo platform was blanketed with Singles Day-related posts on Sunday, from users proudly proclaiming they had resisted the shopping urge this year to those who cheerfully listed an array of mundane purchases. In a mere 10 hours time that number has increased to $10 billion.
In the lead-up this year's event, there were concerns that Alibaba and other e-commerce sites like JD.com, which runs a similar sale, may be hit hard by new tariffs on USA goods. It has already discounted the speaker again, in advance of this year's annual shopping event held on November 11.
"If people aren't buying new homes, they aren't buying appliances", he said. This is 21 per cent higher than the 57 billion yuan that the Alibaba Singles' Day sale brought in its early phase previous year.
It is now the world's biggest online sales event and last year's total was more than Black Friday and Cyber Monday's totals combined, according to Bloomberg.
Alibaba reportedly picked the date to organise a huge online sale to drum up revenues in what was traditionally a slow period between National Day in September and the Lunar New Year in February. The tariff fight with the United States is casting a pall not simply over trade, but over China's future writ large.
Film Industry Sucking Movie-Goers' Blood
Produced by Sun Pictures, the film stars Vijay and Keerthi Suresh in key roles with Oscar victor A R Rahman scoring the music. Referring to the movie industry as "blood suckers", the chief minister also defended the protests surrounding " Sarkar ".
England register historic win in Galle
Sri Lanka captain, Dinesh Chandimal said:It was a really good wicket, our batting was below-par and if you displayed such kind of a batting, you can't stay in the game.
White House yanks pass of CNN correspondent
Trump , speaking just before leaving for an global gathering in Paris to commemorate World War I, refused to answer Phillip. She also addressed how Trump told her to "sit down" on Wednesday as she attempted to ask questions about voter suppression.
The gala featured global celebrity appearances and performances from Miranda Kerr, Mariah Carey and Cirque du Soleil, which viewers were able to watch via two major TV stations as well as Youku's site.
Singles Day "is not a day of discounts, but rather a day of gratitude", Ma said in the video.
The November sale event is expected to founder Jack Ma's last at the helm of the company. "It's when retailers use the best products and best prices to show their gratitude to our consumers". China's digital retailers have come under fire for peddling low-quality and counterfeit items.
The opening of 11.11 global shopping event was enlivened by performances featuring Mariah Carey, Cirque du Soleil and many more.
The occasion also has big environmental implications.
Last week, Alibaba reported quarterly profit and sales well above analysts' estimates, while trimming its prediction for full-year sales by as much as 6 percent, with Ma warning that the economic conflict between the world's two largest economies could last 20 years.
Unfortunately, it seems that we can expect Trump to tweet rather than act over the next few days during his visit to France. Inside a gilded meeting room, Macron referred to Trump as "my good friend" and tapped him on the thigh.
The next Thursday Night Football game will take place at CenturyLink Field, as the Seattle Seahawks host the Green Bay Packers. The Jaguars beat Pittsburgh twice on the road last season, including a 45-42 upset in the divisional round of the playoffs.
According to the Bloomberg report, iPhone X users had been complaining about touch issues online for months. These are included with 13-inch MacBook Pro models that were sold between June 2017 and June 2018.
Pakistan scored 21 boundaries in their successful run chase, although none of their batters cleared the ropes during the innings. Afridi, victor of the Man of the Match award, bowled aggressively, in all of his three spells and was rewarded with 4 for 38.
Bride-to-be Markle wished to wear a tiara with emeralds but was refused after its origins could not be established. There's reportedly some drama in Kensington Palace this week, and no, it's not still about the Queen's tiaras .
Officers had initially responded to a report of a vehicle on fire on the popular shopping street at 4.20pm (5.20am GMT) on Friday. The utility was found alight on the corner of Bourke and Swanston streets, a busy shopping area in the heart of the city.
One source familiar with the recordings said that officials who heard them had been horrified by their contents. One of Prince Mohammed's top aides, Saud al-Qahtani, featured prominently in them throughout, sources said.
A 66th-minute goal by 20-year-old centre back Juan Foyth was enough to earn Spurs a ninth win in 12 league games this season. They are still unsure when their new stadium is going open, but Pochettino says fans should be patient and should be excited.
But, she said, she's concerned that Sessions' departure may be a sign that Mueller's investigation will be blocked. Mueller has tended to make major announcements over the Russian Federation probe on Fridays.
Xinhua says the presenters can "work" 24 hours a day on its website and social media channels, "reducing news production costs ". The anchor, dressed in a pin-striped suit with a red tie, nods his head in emphasis, blinking and raising his eyebrows slightly.
Throughout her husband's life in politics, she fought to balance public and private needs, and to maintain her self-esteem. Ahead of the former first lady's much-anticipated memoir release , some juicy highlights surfaced in the media.
But directing the migrants to the official ports could create massive backups among applicants on the Mexican side of the border. At Trump's request, the Department of Defense has already deployed 5,600 military personnel to the border to assist U.S.
US, EU denounce dissolution of Sri Lanka parliament
The EU said Friday, before the dissolution, that the crisis had scarred the Indian Ocean island's worldwide reputation. The only other legal ways would be through a referendum, or with the consent of two thirds of lawmakers.
Liverpool vs Fulham, Premier League 2018-19
The Argentine's CV, however, includes Valencia, Athletico Madrid and Sevilla in his most recent employers indicating his class. Jurgen Klopp has confirmed that Jordan Henderson , Naby Keita and Joe Gomez are all available after minor injury setbacks.
What the acting attorney general thinks of the Mueller probe
The two people close to Whitaker also said they strongly believe he would not approve any request from special counsel Robert S. Bipartisan bills to protect Mueller from politically motivated removal have been introduced in the House and Senate.
Packers look very mediocre against Patriots
Packers defense makes a goal-line stand from the 1-yard line in the third quarter of Sunday's matchup against the Patriots. We hope you enjoyed this edition of the Titletown Report. "We made some plays in the fourth quarter when we needed to".
Crude Oil Has Another Down Day
Oil in NY fell into a bear market, adding pressure on OPEC and its allies to cut production just months after adding barrels. Iran has mocked the United States sanctions.