All Singles Day articles
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News briefs
Swiss online trade reports exceptional growth in November
According to the Association of Swiss Sports Retailers (ASMAS), Swiss online retailing increased by 41.6 percent in November alone compared to the same month in 2019. According to the evaluation by GfK in cooperation with the Swiss Post and the retail association, 2020 is now cumulatively 32.8 percent above the ...
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News briefs
Alibaba with record Singles Day, but shares drop with new rules
This year’s Singles Day raked in a gross merchandise volume (GMV) of 498.2 billion yuan (€63.67bn-$75.19bn) for Alibaba up sharply from the RMB 268.4 billion reported a year ago. The rival Chinese e-tailer Jd.com had sales of about ¥271.5 billion (€34.71bn-$40.99bn). Lasting 11 days this year, Alibaba’s Chinese sales festival ...
