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Chinese e-commerce firms report growth in sales, shoppers for Singles' Day shopping festival

Summary by My Mother Lode
HONG KONG (AP) — China’s e-commerce firms reported an increase in the number of shoppers and a growth in sales for this year’s Singles’ Day shopping festival, although final figures were not publicly revealed. Alibaba, which operates the Taobao and Tmall e-commerce platforms, said 45 brands – including Apple, Nike, and Chinese appliance brands Haier and Midea – surpassed 1 billion yuan ($138.3 million ) in gross merchandise value, which measures…

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New Strait Times broke the news in Malaysia on Tuesday, November 12, 2024.
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