SL Security Certificate - 256 Bit With Strong Encryption
Tradiva.com gives a 30% bonus on your first deposit. This means that when you open an account with $5,000 dollars, we will add to your account another $1,500 dollars.
Time-limited offer.
SL Security Certificate - 256 Bit With Strong Encryption
Alibaba Group Holding Inc. reported sales of 158.31 billion yuan ($22.63 billion) for the first nine hours of its annual Singles’ Day shopping festival. The sales were 25%, or 126.72 billion yuan higher than the previous year.
The annual Singles’ Day is likened to the United States’ Black Friday and Cyber Monday sales, and has been promoted by Alibaba Chairman and Chief Executive Daniel Zhang since 2009. The shopping fest is growing rapidly to become the biggest online sales event worldwide.
The shopping fest’s name comes from the date November 11, or 11/11, which signifies being single. It is also popularly known as “Double Eleven”.
Last year, Alibaba achieved a net profit of $30 billion on its Singles’ Day. However, the 27% sales growth was the lowest since the shopping fest’s first year, prompting Alibaba to look for new ideas.
This year’s 24-hour shopping fest was kicked off with performances by Taylor Swift and local celebrities. Alibaba hit $1 billion in the first one minute and eight seconds of the shopping fest. In the first hour, it reached 84 billion yuan, 22% higher than previous year’s 69 billion yuan.
Singles’ Day was among the trending topics on Weibo, China’s version of Twitter, where users talked about what they bought and where they spent their money on.
The Chinese e-commerce giant said it expects 500 million users to participate in this year’s shopping fest, 100 million more compared to the previous year.
This year is the first time that Alibaba won’t have its co-founder Jack Ma, after resigning as chairman in September. This month is reported to be a crucial time for the company as it is raising $15 billion via a share sale in Hong Kong.
Alibaba continues to dominate the online market, with more shoppers surging to their online shopping platforms. Currently, the Chinese retail juggernaut is worth $486 billion since its foundation in 1999.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
Financial markets saw record heights earlier on Friday, with the Euro continuing its 21-month gain streak and gold prices hitting its highest level amid a weakened Dollar. The Euro soared above the Dollar by 1.7%, trading at $1.1616 for the ...
KYC Policy