Express

Alibaba And JD.com Relished A Record Sale Of $136.5 Billion On June 18 Shopping Event

Yiran Dai

Summary: China’s e-commerce tycoons Alibaba and JD.com rallied in the June 18 shopping frenzy with a total turnover of $136.5 billion, marking a new record.

China’s e-commerce tycoons Alibaba and JD.com rallied in the June 18 shopping frenzy with a total turnover of $136.5 billion, marking a new record.

China’s e-commerce business gained major success in the June 18 shopping event. Alibaba’s Taobao Mall (Tmall) alone contributed revenue of $98.7 million on the day. These numbers reflect a soaring consumer buying power as the market gradually recovers from the COVID-19 pandemic, even though a second-wave outbreak with over 150 newly confirmed cases in Beijing has raised people’s concern.

By Yiran Dai

Last Update:

Tags: ,,
Link: Alibaba And JD.com Relished A Record Sale Of $136.5 Billion On June 18 Shopping Event   [Copy]
Next:

Related Articles

  • Silicon Valley Giants, Trump Ally Launch 'Crypto Bank' Erebor, Aiming to Fill SVB Void 2 hours ago
  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 6 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 12 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 15 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 16 days ago

    • You need to login to comment.