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

  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 11 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 18 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 21 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 24 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 28 days ago

    • You need to login to comment.