Alibaba (BABA) Price Target Lifted to $132 at BofA/Merrill Lynch
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Alibaba's (BABA) 24-hour Online Sale Rakes in Over $9 Billion GMV
November 11, 2014 1:29 PM ESTAlibaba (NYSE: BABA) provided an update on Shopping Festival sales on its website. The text is below.
"Total sales for Alibaba Groups 11.11 Shopping Festival soared to $9.3 billion on Nov. 11, smashing the record set last year and cementing the 24-hour promotions place as the biggest online shopping event in the world.
Shortly after the sale ended at midnight, Alibaba Group announced that the total gross merchandise volume (GMV) transacted over Alibaba Groups Chinese and international retail marketplacespurchases that were paid for through Alipay, Alibabas e-payments affiliatejumped 60.3 percent over... More
Alibaba (BABA) reports sales on 'Singles Day' of about $9.3B
November 11, 2014 11:09 AM ESTAlibaba (NYSE: BABA) reports sales on 'Singles Day' of about $9.3 billion.
... MoreAlibaba (BABA) 'Singles Day' Sales About $9.3 Billion
November 11, 2014 11:09 AM ESTAlibaba (NYSE: BABA) announced that 'Singles Day' sales exceeded $9.3 billion of which 42.6% was generated from mobile. This far exceeded 2013's total of RMB36.2 billion, or U.S. $5.9 billion.
... More