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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

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