Alibaba Singles' Day breaks sales record with 11 hours to spare

    Share on Google+        
Alibaba Singles' Day breaks sales record with 11 hours to spare
Click on the image
Alibaba hosted a star-studded gala with tennis star Maria Sharapova and American rapper Pharrell Williams to pump sales. Photo: ReutersHong Kong: Alibaba Group Holding Ltd's Singles' Day shopping bonanza broke last year's all-time high of 120.7 billion yuan ($18.2 billion) by 1:09pm in Beijing, with about 11 hours still to go before the final bell. The Chinese company hosted a star-studded gala with tennis star Maria Sharapova and American rapper Pharrell Williams to pump sales. Citigroup Inc. has predicted transactions will rise by more than 30% to 158 billion yuan this year. As with convenience stores, Alibaba is trying to franchise the Hema model that combines a supermarket, restaurant and fulfillment center in a single location on its technology platform.

About Us
posted-today.org shows the most important world news of the day, under the editorial criteria of their impact on Internet and social networks.
Contact
Do you have any suggestion? Contact us.

    Share on Google+        

We might need you!
Investors and business angels continue reading, please: posted-today.org is a very innovative project which has just started. We can steadily grow in visits and content and become leaders of the digital press in an ETA of 10 years. This curve of success could be considerably improved having more resources. If you stand out for your vision of the future, maybe you can help us, or the other way round.
Technology
This is not just buzzing words: posted-today.org is an example of what you get when applying state-of-the-art technologies, such as Big Data, Content Curation, Natural Language Processing (NLP), NoSQL, Cloud Computing, ...