Chinese retailer Alibaba Group Holding Ltd’s sales for its 24-hour Singles’ Day shopping blitz hit a record $38.4 billion, more than U.S. rival Amazon.com Inc’s haul last quarter from online store sales.
E-commerce giant Alibaba Group's quarterly revenue grew at its weakest pace since 2016, as the impact of a slowing Chinese economy and a crippling Sino-U.S. trade war kept buyers away during its top sale season.
With Black Friday, one of the most important shopping days of the year, only two days away, the e-commerce giant has exposed several customers’ names and e-mail addresses on its website due to a “technical error”.
Alibaba Group cashed a record 213.5 billion yuan ($30.7 billion or £23.8 billion) in sales on Sunday during its 24-hour online retail frenzy Singles’ Day, but the event’s annual growth dropped to its slowest-ever rate.
Lululemon filed a lawsuit in US federal court in Chicago against alleged counterfeiters in China and abroad. The lawsuit alleges groups and individuals are selling knockoff product online through unauthorized websites.
2017 was a good year for YNAP as the high-end e-tailer turned in a record sales performance. It saw net revenues rising 16.9% on a currency-neutral basis, or 11.8% as reported, to hit a massive €2.1 billion.
Amazon added 300,000 small and medium size businesses (SMBs) as vendors in 2017. The online retail giant reports half of all items ordered last year were from SMBs selling through the Amazon Marketplace.