Singles Day

Rosenblatt Securities highlighted increased evidence of competition from Huawei and the implications for Apple Inc. (NASDAQ: AAPL)’s unit sales and sell-through rates in a Wednesday report.  The Analyst Analyst Jun Zhang reiterated a Neutral rating on Apple with a $200...

Chinese e-commerce giant Alibaba Group Holding Ltd (NYSE: BABA) hosted its annual "Singles Day" selling event Sunday, generating the U.S. dollar equivalent of $30.8 billion in gross merchandise volume. Here's what industry experts are saying after the sale.  SunTrust:...

Alibaba Group Holding Ltd (NYSE: BABA) shattered its Singles Day record Sunday with 213.5 billion yuan, or $30.8 billion, in gross merchandise value. The annual 24-hour e-commerce event notched $1 billion in the first 85 seconds and nearly $10 billion in the first hour to ultimately surpass...

Alibaba Group Holding Ltd. (NYSE: BABA) has its biggest weekend of the year: Singles Day. While American shoppers are gearing up for Black Friday and Cyber Monday, Chinese shoppers, particularly younger, single shoppers, are celebrating the Chinese version of an anti-Valentine’s Day by...

Alibaba 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...

Alibaba Group Holding Ltd (NYSE: BABA) Singles' Day on was undoubtedly a hit, raking in nearly $18 billion in gross merchandise value. Singles' Day is now the world’s largest online shopping event and bigger than Black Friday. Alibaba’s Singles' Day haul grew 32 percent...

Last 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...

When one e-commerce company can take advantage of a 20-year-old holiday to sell more than $14 billion of goods in a single day, you know online retail is a force to be reckoned with. Last week, Alibaba Group Holding Ltd (NYSE: BABA) said it generated sales of $14.3 billion on Singles’ Day...

Shares of Alibaba Group Holding Ltd (NYSE: BABA) were higher by nearly 2 percent Wednesday morning. Alibaba said that it exceeded the $12 billion mark in gross merchandise volume sold during its annual Singles Day event. The company noted that it surpassed last year's $9.3 billion...

Amazon.com, Inc. (NASDAQ: AMZN) recently announced that to celebrate its 20th anniversary on July 15, it will organize a shopping event titled "Prime Day" on its platform exclusively for Amazon Prime customers. Tom's Guide editor-in-chief, Mark Spoonauer, was on CNBC Monday to discuss about...

A partnership between Apple Inc. (NASDAQ: AAPL) and Alibaba Group Holding Ltd (NYSE: BABA) could be a match made in Heaven. In the meantime, Alibaba might need to channel its inner Apple if it wants to attract investors. "Sheer top-line growth is what the market is going to focus on,...

Thomas McCrohan of Sterne Agee published a report on Friday detailing his top 10 predictions within the Payments and Financial Technology sector. Below are the analyst's predictions: eBay Inc's (NASDAQ: EBAY) PayPal will launch an alternative banking product which may include a...