According to BloombergHT’nin China, Russia and Argentina, an estimated half a billion people from the site of the e-commerce giant iPhone, refrigerator and cashew nuts are expected to receive a wide range of products. This year, the company produced a television show in Shanghai with famous US singer Taylor Swift and Asian pop icon G.E.M.
This event, the largest sales event in the world, was transformed into an annual ritual by Alibaba, Asia’s largest company. This event, also called “Double 11 i├žin because it coincides with November 11, is considered by investors as a measure of Chinese consumers’ spending performance, with the risk of economic growth falling below 6 percent.
St Baidu Inc., Frost & Sullivan, Asia Pacific ICT President Richard Wong told Bloomberg television. and according to Tencent Holdings Ltd., Alibaba will probably survive the trade war better. The current sensitivity and confidence in spending is still relatively high. ÔÇŁ
Alibaba’n─▒n “Singles Day” sales last year increased by 27 percent to $ 30.7 billion, which was 213.5 billion yuan.
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