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How Alibaba's Singles Day Growth Compares To Amazon's Prime Day
Friday, November 13, 2020 - 11:35am | 438Read More...$74.1 billion. That's the gross merchandise volume earned by Alibaba (NYSE: BABA) alone during the 2020 Singles Day holiday. The Chinese online shopping event, which takes place every Nov. 11, generates sales numbers that are staggering in scale. Alibaba's haul is more than...
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Alibaba, JD Say US Was Top Seller In Their $116B Singles Day Shopping Extravaganza
Thursday, November 12, 2020 - 2:55am | 290Read More...The United States sold the most goods at the shopping festival of Alibaba Group Holding Limited (NYSE: BABA) and JD.Com, Inc (NASDAQ: JD), Reuters reported Wednesday. What Happened: The two Chinese e-commerce giants generated $116 billion in merchandise volume on Singles Day. While Alibaba...
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3 ETFs For China's Singles Day
Wednesday, November 11, 2020 - 8:02am | 772Read More...Today is Veterans Day in the U.S. In China, it's Singles Day, a retail event that makes Amazon's (NASDAQ: AMZN) Prime Day look like a minor league game. Alibaba (NYSE: BABA), often referred to as the Amazon of China, confirms the gravity of Singles Day. On Tuesday, just as it was becoming...
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Alibaba Shatters Singles Day Sales Record At $56B — With Another 24 Hours To Go
Wednesday, November 11, 2020 - 2:41am | 469Read More...Alibaba Group Holding Ltd (NYSE: BABA) said the gross merchandise value (GMV) at its Singles Day shopping event has surpassed $56.42 billion (RMB 372.3 billion) as of 12:30 a.m. on Wednesday (Beijing Time). What Happened: The shopping bonanza, which is typically a single day event, has run...
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PreMarket Prep Stock Of The Day: Alibaba Group
Tuesday, November 10, 2020 - 2:45pm | 750Read More...Benzinga's PreMarket Prep airs every morning from 8-9 a.m. ET. During that fast-paced, highly informative hour, traders and investors tune in to get the major news of the day, the catalysts behind those moves and the corresponding price action for the upcoming session. On any given...
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Alibaba Could Shatter Singles Day Record With 3 More Shopping Days
Saturday, October 31, 2020 - 8:39am | 333Read More...Singles Day on Nov. 11 is an unofficial Chinese holiday. The holiday has surpassed Cyber Monday as the largest online shopping day of the year globally. What Happened: Alibaba Group Holding Ltd (NYSE: BABA) owns the trademark to Singles Day and is the largest participating retailer....
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Alibaba Set To Shatter Last Year's Singles Day Sales Record: Report
Wednesday, October 28, 2020 - 1:22am | 359Read More...Alibaba Group Holding Ltd’s (NYSE: BABA) "Singles Day" shopping extravaganza on Nov. 11 is likely to break previous years’ sales record as Chinese shoppers are determined to spend more, according to a survey conducted by consulting firm AlixPartners. What Happened:...
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Target's Deal Days Goes Head-To-Head With Amazon Prime Days
Monday, September 28, 2020 - 3:45pm | 374Read More...Amazon.com (NASDAQ: AMZN) confirmed its dates for its annual Prime Days on Oct. 13-14. Target Corporation (NYSE: TGT) announced its Deal Days, which launched in 2019, will also be held on Oct. 13-14. Both events moved from July due to pandemic concerns. Why It’s Important: Unlike Amazon...
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Alibaba, JD.com Post Record Singles Day Sales
Tuesday, November 12, 2019 - 12:02am | 451Read More...Chinese 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 | 649Read More...Despite 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 | 579Read More...JD.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 | 295Read More...Chinese 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 | 487Read More...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...
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4 Expert Takes On Alibaba's Singles Day Sale
Monday, November 12, 2018 - 2:48pm | 588Read More...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:...
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Alibaba Buyers Unimpressed By Record Singles Day Sales
Monday, November 12, 2018 - 9:59am | 452Read More...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...
