Singles' Day sales soar to new records

Alibaba's Singles' Day Goes Global With Record $25 Billion in Sales

Alibaba once again broke a record on Singles' Day, reaching a 22 billion euro turnover.

She also adds that people did not even put so much thought into shopping as there was not much to buyIn those days, kids would consider themselves lucky if they got a set of new clothes once a year.

While JD traditionally leads in online retail sales, backed by extensive infrastructure, Alibaba has sought to win over merchants to its own growing retail platform, underpinned by new investments in logistics this year.

Singles' Day has been expanding over the years and at the moment it is emerging to be one of the world's biggest shopping events.

11 bodies recovered after boat capsizes in Andhra Pradesh
Local media reports suggested the boat was overloaded with passengers and the buoyancy of water changed leading to the disaster. A helpline with toll free number 18004250101 was opened to help the relatives of the victims to get the information.

Investors closely watch the headline number, though some analysts say the way it is calculated is too opaque.

Momo.com said it integrated its online and offline resources by convening a 10-hour marketing event in Xinyi District on Saturday, inviting 11 Taiwanese celebrities to live-stream promotions of discounted products displayed on the event stage.

The annual frenzy posted a 39 percent increase in sales, exceeding Citigroup Inc. estimates and defying concerns of an economic slowdown. Billionaire founder Jack Ma is using it as a testing ground for his plans to revamp China's $4 trillion traditional retail sector with technology, an experiment that could help the behemoth gain an edge in China's saturated market.

It shows up the likes of Amazon's much-vaunted Prime Day and even Black Friday in the U.S. and Europe look what they are: also-rans by comparison. The sale did though beat his forecast of 20 percent growth.

At least 3 injured in deliberate auto ramming in Toulouse, France
Toulouse prosecutor Pierre-Yves Couilleau said: "The individual was known to the police and the judiciary for several offences". The Blagnac campus of IGS, a chain of higher education institutions where the vehicle attack reportedly took place.

"They're having to spill over out of the purely online realm into the wider consumer market", Crabbe said. The e-Commerce giant sold $25.3 billion in merchandise through its marketplaces on November 11, a 39% increase over the previous year.

The Shanghai-based principal at China Market Research Group, Ben Cavender, while speaking in relation to the matter said that in terms of scale it dwarfed all the events that had been going on out there.

China's growth rate and the burgeoning relevance of its consumers are "easily" the most important influences on the global economy, according to the former chairman of Goldman Sachs Asset Management.

"In actual fact, I think I spent even more than I did previous year", she said.

Walmart's Black Friday will start at 6 pm on Thanksgiving
The stretched out deals have dimmed some of Black Friday's glow, but Thanksgiving is growing in popularity as a shopping day. Walmart will release a second batch of deals on on Thursday, November 23rd at 12:01am ET.

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