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November 21, 2018

In Innovations, The Digital World

How Alibaba Developed Singles’ Day Into A $30 Billion Phenomenon

Alibaba has set a new high water mark for a single day of sales. The 11.11 Global Shopping Festival, held on Singles' Day, smashed previous records this year with sales reaching RMB 213.5 billion (USD $30.8 billion) an increase of27% over 2017 and amounting to...

September 11, 2018

In Innovations, Marketing & Branding, Technology

Chinese payment giants are lightyears ahead

Mobile payments apps have leapfrogged credit and debit cards in China, signposting the way forward for the rest of the world China’s two mobile payments giants, Alipay, an affiliate of the Chinese ecommerce group Alibaba, and WeChat Pay, owned by the messaging and social media powerhouse Tencent,are streets...

How Alibaba Developed Singles’ Day Into A $30 Billion Phenomenon

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