NewsAlibaba generates USD 74.1 billion on Singles’ Day despite COVID-19JD.com recorded USD 40.9 billion in GMV, a 34.6% increase from last year. 2 mins read
The penetration rate of livestreaming e-commerce in China was 4.1% in 2019 and is expected to reach 8.6% by the end of 2020 and 14.3% by 2021. NewsAlibaba expects livestreaming e-commerce penetration rate to reach 30%2 mins read
China’s tech giants feel the chill of a tighter regulatory environment. NewsKEY STAT | Alibaba stocks plunge as antitrust regulation hits Singles’ Day1 min read
TME consolidated its content library during the quarter by forming partnerships with labels including Merlin, Peermusic, and Kobalt. NewsTencent Music Entertainment Q3 revenue surpasses USD 1 billion2 mins read
Alibaba’s Double 11 has become bigger and more accepted in Southeast Asia, says one expert. InsightsSingles’ Day e-shopping bonanza lands in global markets4 mins read
First sales data shows that JD.com is already closing in on its 2019 record. NewsAlibaba sales growth slows in first 10 days of shopping festival1 min read
86% of online shoppers in China plan to spend the same, if not more than they did in last year’s sales event. NewsKEY STAT | China’s 11/11 shopping event expected to beat 2019 sales record2 mins read
Didi’s social group-buying service was initially launched as a standalone WeChat mini-program in June. NewsRide-hailing giant Didi adds group-buying feature to its flagship app2 mins read
Taobao and Tmall users can enjoy rebates worth up to USD 1,500 after buying a car from the Chinese automaker. NewsAlibaba teams up with SAIC Motor to boost car sales amid industry recovery2 mins read
