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Chronicles

The story behind the story

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From 2020's Singles' Day sale, which was extended to 12 days from 24 hours previously, Alibaba and JD.com report around $115B in sales across their platforms

except for this one surprising sector Saheli Roy Choudhury / CNBC : Alibaba-owned Lazada saw ‘record’ sales on Singles Day, its Singapore CEO says Benjamin Godfrey / coinspeaker.com : Alibaba, JD.com Stocks Show Rebound Following Singles' Day Sales Sherisse Pham / CNN : Singles Day: Alibaba sales blitz rakes in $75 billion as Chinese shake off Covid-19 TheStreet : Five Of The Weirdest Singles' Day Offerings, From Personalised Noodles To A Miniature Skull And A Jar Of Sunlight PYMNTS.com : Alibaba Single's Day 2020: Sales Records Broken, But New Chinese Regs Spoil The Party Benzinga : Alibaba Shatters Singles Day Sales Record At $56B — With Another 24 Hours To Go Claudia Assis / MarketWatch : Alibaba's Singles Day sales top $74 billion, up 26% CBS News : Chinese shoppers spend over $100 billion in Singles' Day extravaganza Martin Baccardax / TheStreet : Alibaba Blasts Singles Day Sales Record in First 30 Minutes Mary Meisenzahl / Business Insider : Alibaba's Singles Day is over. Now comes the task of delivering $74 billion of merchandise ordered on world's largest shopping holiday. Anthony Spadafora / TechRadar : Singles Day 2020 is already the biggest shopping event in history Natalie Gagliordi / ZDNet : Alibaba's 11.11 lands big sales, attracts US companies selling to China Tweets: Simon Rabinovitch / @s_rabinovitch : A 10% discount on its own shares is very much in keeping with the spirit of Singles Day for Alibaba. Not many companies can both clear more than $50bn in sales in one day, and see their market cap reduced by roughly the same amount. https://www.cnbc.com/... https://twitter.com/...

CNBC Arjun Kharpal

Discussion

  • @s_rabinovitch Simon Rabinovitch on x
    A 10% discount on its own shares is very much in keeping with the spirit of Singles Day for Alibaba. Not many companies can both clear more than $50bn in sales in one day, and see their market cap reduced by roughly the same amount. https://www.cnbc.com/... https://twitter.com/..…