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Alibaba, JD.com Post Record Singles Day Sales
Tuesday, November 12, 2019 - 12:02am | 451Chinese e-commerce behemoths Alibaba (NYSE: BABA) and JD.com (NASDAQ: JD) grossed over $68 billion in Singles Day sales Monday. What Happened Alibaba alone sold goods worth over $38.4 billion in total, surpassing the $30.8 billion it grossed last year by 26%, the company said in a statement....
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PreMarket Prep Recap: Looking Under The Hood Of The S&P 500 Index
Monday, November 11, 2019 - 2:50pm | 649Despite anticipating a slower day in the market, there were plenty of market movers to discuss on today's PreMarket Prep Show. Looking Under The Hood Segment Being astute followers of the S&P 500 index, the co-hosts will from time to time conduct an "under the hood" segment. This...
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JD.com Option Traders Betting Big On Earnings Beat
Monday, November 11, 2019 - 2:14pm | 579JD.Com Inc (NASDAQ: JD) shares are up 23.4% in the past three months, but at least one larger option trader is betting on more upside for the Chinese e-commerce stock this week. The Trades On Monday morning, Benzinga Pro subscribers received three option alerts related to unusually large JD trades...
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Alibaba Singles' Day Sales Hit $28B
Monday, November 11, 2019 - 12:47am | 295Chinese e-commerce giant Alibaba Group Holding Ltd. (NYSE: BABA) has earned $28 billion on Singles’ Day so far, data from the South China Morning Post shows. What Happened Sales crossed the $10 billion mark in the first 30 minutes, according to SCMP, with Hong Kong, the U.S., the U.K.,...
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Analyst: Singles Day Boosts iPhone XR Sales, But Downside Pressure Remains After Holiday
Wednesday, November 21, 2018 - 10:14am | 487Rosenblatt 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...
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4 Expert Takes On Alibaba's Singles Day Sale
Monday, November 12, 2018 - 2:48pm | 588Chinese 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:...
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Alibaba Buyers Unimpressed By Record Singles Day Sales
Monday, November 12, 2018 - 9:59am | 452Alibaba 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...
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How To Play Singles Day
Saturday, November 11, 2017 - 6:21am | 414Alibaba 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...
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Alibaba's Singles' Day Results Read Positive For December
Monday, November 14, 2016 - 11:41am | 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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Bob Peck Reviews A Record Singles' Day For Alibaba
Saturday, November 12, 2016 - 3:14pm | 160Alibaba 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...
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Alibaba's Countdown To Singles Day Already Started
Thursday, October 20, 2016 - 2:35pm | 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...
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Singles' Day Hits A Home Run For Online Retail
Thursday, November 19, 2015 - 1:24pm | 1000When 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...
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Cantor Loves Alibaba Following Record-Setting Singles Day
Thursday, November 12, 2015 - 8:51am | 318Shares of Alibaba Group Holding Ltd (NYSE: BABA) have appreciated 16.21 percent over the past month, reaching a high of $85.88 on November 5. Cantor Fitzgerald’s Youssef Squali has maintained a Buy rating and price target of $90 on the company. The total GMV for the company’s...
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$12 Billion And Counting: Alibaba Sets Singles Day Sales Record
Wednesday, November 11, 2015 - 9:24am | 476Shares 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...
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Prime Day: Amazon's Ploy To Get More Users Before Shopping Season
Monday, July 6, 2015 - 12:47pm | 384Amazon.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...