Alibaba (BABA) 'Singles Day' GMV at RMB120.7B as of Midnight in China - Bloomberg
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Alibaba (BABA) Singles Day GMW Slight Disappointment, But Long-Term Thesis Intact - Baird
November 11, 2016 11:21 AM ESTBaird analyst Colin Sebastian weighed in on Alibaba (NYSE: BABA) following Singles Day data, saying while GMV was a slight disappointment there was no change in their long-term positive thesis.
Sebastian commented, "At the conclusion of its Singles Day shopping event, Alibaba... More
Alibaba posts record Singles' Day sales, but growth slows
November 10, 2016 9:39 PM ESTBy Catherine Cadell
SHENZHEN, China (Reuters) - Alibaba Group Holding Ltd (NYSE: BABA) Singles' Day festival posted a record 120.7 billion yuan ($17.73 billion) worth of sales on Friday, though the gala shopping day saw growth slow as Chinese shoppers searched for deeper discounts and lower pricetags.
Amid fanfare and celebrity razzmatazz, sales on Alibaba's platforms had raced to a billion dollars in less than five minutes and broke past last year's total with almost nine hours of the day-long shopping gala to spare.
The final total marked a 32 percent rise from 2015, but... More
Alibaba Group (BABA) Generated $7B of GMV Within the First Two Hours 11.11 Shopping Festival
November 10, 2016 2:45 PM ESTAlibaba Group Holding Limited (NYSE: BABA) announced that more than USD 7 billion (RMB 47.5 billion) of gross merchandise volume (GMV) was settled through Alipay on Alibabas China and international retail marketplaces within the first two hours of the 2016 11.11 Global Shopping Festival.
"Chinese consumers purchased more in the first hour of 11.11 this year than the entire 24 hours in 2013, reflecting the incredible evolution of our global shopping festival. This... More
