22 h. ago Apple’s iPhone and beauty products lead the charge in record

Alibaba Group Holding kicked off direct sales for its annual Singles’ Day shopping festival on Monday, with initial figures surpassing last year’s performance – a sign of strengthening domestic consumption during China’s biggest online retail event. Since direct sales began on Taobao and Tmall at 8pm on Monday, 80 brands had exceeded 100 million yuan (US$13.8 million) in sales within the first hour, while more than 30,000 brands doubled their takings from a year earlier, according to data...

Politics

4 d. ago Alibaba confident AI tools will drive sales and empower Singles’ Day shoppers

Alibaba Group Holding is making tangible progress in applying artificial intelligence models into the search and recommendation engines of its e-commerce ecosystem, according to a senior executive, as the company kicked off its annual Singles’ Day promotion this week. At the campaign’s launch in Shanghai on Thursday, Alibaba vice-president Zhang Kaifu, who also serves as head of applications for the company’s e-commerce businesses, said the firm’s use of Qwen’s large language models (LLMs) had...

Economics

5 d. ago Singles Day: China's biggest shopping event starts five weeks early to revive spending

Singles Day: China's biggest shopping event starts five weeks early to revive spending  BBC

Economics

5 d. ago China's retailers extend Singles' Day to five weeks to revive spending

China's retailers extend Singles' Day to five weeks to revive spending  Reuters

Politics

5 d. ago Alibaba banks on AI to boost Singles’ Day sales on Taobao, Tmall

Alibaba Group Holding is taking advantage of artificial intelligence to turn its online marketplace into a “comprehensive consumption platform”, as the e-commerce giant regains momentum in an extremely competitive market. The company kicked off its annual Singles’ Day event – the world’s largest shopping festival – on Wednesday, riding on the back of strong growth in online shopping and on-demand delivery. Taobao and Tmall, Alibaba’s two domestic e-commerce platforms, are offering 50 billion...

Economics

9 d. ago Donald Trump's China Tariff announcement wipes billions from Crypto market, sees biggest

Donald Trump's China Tariff announcement wipes billions from Crypto market, sees biggest-ever single day  The Times of India

Economics