Singles' Day

JD.com Beats Quarterly Revenue Estimates As Heavy Discounts Buoy Demand

Online retailer JD.com has reported fourth-quarter revenue above estimates and announced it would increase the size of its share repurchase programme.

Alibaba Boosts Share Buy Back As Revenues Miss Estimates

China's Alibaba Group Holding missed analysts' estimates for third-quarter revenue, hurt by softness in the retail market and sagging economic recovery in...

China's 'Singles Day' Wraps Up With E-Commerce Giants Reporting Sales Growth

China's largest e-commerce player Alibaba Group said it recorded year-on-year growth over this year's 'Singles Day' sales period, while rival JD.com report...

Alibaba Promises Major Discounts Ahead Of China's 'Singles Day' Event

E-commerce giant Alibaba Group said it will be offering huge discounts as it gears up for its annual Singles Day shopping extravaganza - an indication that...

L'Oreal Offers Vouchers To Resolve Singles Day Shopping Spat

L'Oreal is offering shopping vouchers to some Chinese customers to settle a dispute over discounts that drew the ire of the country's top two livestre...

Alibaba's Toned-Down Singles' Day Enters Final Stretch

Alibaba said that nearly 400 brands, including Apple Inc and L'Oréal SA, raked in more than $15 million (€13.1 million) in sales each during it...

Alibaba's Singles Day Sales Top €63bn, Planned Rules Hit Shares

Alibaba sales for its post-COVID-19 Singles' Day shopping extravaganza hit €63 billion, a haul that was overshadowed by a 10% drop in its shares after...