
French cosmetics giant L'Oreal on Thursday said it had reached a "constructive and satisfactory solution" following a dispute about prices during Alibaba Group's Singles Day shopping promotion early this month.
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French cosmetics giant L'Oreal on Thursday said it had reached a "constructive and satisfactory solution" following a dispute about prices during Alibaba Group's Singles Day shopping promotion early this month.
China's Alibaba Group Holding Ltd on Thursday missed market expectations for second-quarter revenue, as consumption in the country slowed and its e-commerce business took a hit from supply chain constraints.
Despite the ‘common prosperity’ policy advocated by the Chinese government, the country’s Singles’ Day holiday set new records with soaring luxury goods purchases.
Luxury giant Richemont issued its latest set of results on Friday, but the biggest news was that it’s in talks with Farfetch around its loss-making Yoox Net-A-Porter business.
Chinese ecommerce titan Alibaba enjoyed record sales during its Singles Day shopping extravaganza, giving a much-needed boost to the firm after a torrid year in which it became the symbol of a government crackdown.
Alibaba said that nearly 400 brands have raked in more than $15 million in sales each during its Singles Day extravaganza, as the toned-down event headed into its final hours on Thursday.
Celebrity virtual appearances and flashy deals kicked off Alibaba Group Holding Ltd's final 24 hours of its Singles' Day shopping event on Thursday, hoping to draw shoppers as it preaches sustainability this year.
Alibaba Group's annual 'Singles Day' shopping spree is set for its most sober tone ever this year, as the retail giant preaches sustainability rather than hyping the usual sales boom.
Luxury giant Richemont may be mulling the idea of spinning off YNAP despite investing millions into the fashionable e-commerce site, according to reports.
China will continue its scrutiny of the internet sector, rooting out practices including the blocking of site links by rival platforms and ensuring smaller players have room to develop, its industry minister has said.