A screen shows the gross merchandise volume, a measure of sales, after 2 seconds of Singles Day sales, as it reaches about 1,437,752,505 USD during the 2018 Tmall 11:11 Global Shopping Festival gala in Shanghai early on November 11,

Alibaba Singles’ Day smashes $25 billion sales record

SHANGHAI (Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd smashed the 2017 record for its Singles’ Day sales event on Sunday, surpassing 168 billion yuan ($24.15 billion) sales in…

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Spotlight on Alibaba CEO Zhang as Jack Ma starts retirement countdown

BEIJING/SHANGHAI (Reuters) – Unlike his charismatic boss, Jack Ma, Alibaba chief executive, Daniel Zhang isn’t usually one to grab the limelight, let alone make kung fu movies with superstars or dance in…

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