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Here's How Alibaba Trades The Month Following Singles' Day
Tuesday, November 15, 2016 - 2:48pm | 352Alibaba Group Holding Ltd (NYSE: BABA) delivered some impressive numbers during its annual Singles’ Day sales event on November 11. Unfortunately for investors, those numbers haven’t translated to the stock market. Alibaba reported $18 billion in gross merchandise volume on Singles...
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Alibaba's Singles' Day Results Read Positive For December
Monday, November 14, 2016 - 12:41pm | 314Alibaba Group Holding Ltd (NYSE: BABA)'s Singles' Day was a smashing success last week, as it sold $17.8 billion worth of products. By comparison, the company's gross merchandise volume (GMV) in 2015 totaled $14.3 billion. Perhaps more impressively, Alibaba's GMV during 2013's event was $5.14...
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How Did Singles' Day Become A Billion-Dollar Event?
Thursday, November 10, 2016 - 4:11pm | 407U.S. retail investors are looking ahead to the critical Thanksgiving weekend shopping events, including Black Friday and Cyber Monday. However, for Chinese retail investors, it doesn’t get much bigger than this weekend’s Singles' Day event. China's 'Anti-Valentine's Day' In China,...
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Alibaba's Countdown To Singles Day Already Started
Thursday, October 20, 2016 - 3:35pm | 326Last year, Alibaba Group Holding Ltd (NYSE: BABA) sold more than $14 billion of goods during its annual Singles Day event held on November 11. Alibaba is also known to put on quite a show to advertise its one-day selling event that eclipses Black Friday and Cyber Monday's combined sales. According...