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Alibaba is celebrating its eleventh 11.11 Singles Day. We have been tracking the latest updates and developments. Here are the key highlights as the world’s largest global one day online shopping event.

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Alibaba Group has released its Q2 results for the three months ending 30th September. Revenue increased 40% to CNY119bn (US$16.9bn) for the same comparable period last year. Strong momentum into Singles' Day The number of annual active customers on Alibaba’s China retail marketplaces increased by 19m to reach 693m. Mobile MAU’s reached 785m in September 2019, an increase of 30m over June 20...
Alibaba has launched its 2019 11.11 Global Shopping Festival. This year, it will focus on new consumption and new business, but also more about making 11.11 Green. More than 200,000 brands will participate There will be 1m new products available in what is the 11 th  11.11. Brands from 78 overseas markets will participate, and more than 500m consumers are expected to shop on 11.11. To drive...
Lazada, Shopee and JD are holding sales named 9.9 (9 th September), 11.11 (11 th November) and 12.12 (12 th December) to boost revenues in the final quarter of this year. These online players are attracting shoppers well in advance to their platforms with vouchers and sneak previews of flash deals. Lazada smashes 2018 sales record in hours Lazada has exceeded its 2018 sales record for 9....
Alibaba has announced its financial results for the first quarter ended June 30, 2019. Total revenue was up 42% to CNY114,924m (US$16,741m) YoY. Continue to invest in technology In a press release, Daniel Zhang, Alibaba’s CEO, said, “ We will continue to expand our customer base, increase operating efficiency and deliver robust growth. With strong cash flow from our core commerce business...

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