Scalper1 News
China e-commerce giant Alibaba Group (BABA) shattered last year’s record for Singles’ Day on Tuesday, processing $9.3 billion in total gross merchandise sales. That’s up 62% from the $5.75 billion it processed last year for the annual shopping holiday on Nov. 11, also known in China as Shopping Festival. This year, 43% of shopping transactions processed by Alibaba came through mobile devices. Alibaba’s websites account for about 80% of retail Scalper1 News
Scalper1 News