U.S. retailers expanding globally are looking to China's Singles Day as a chance to reach hundreds of millions of consumers.
CNBC's Chery Kang reports on the world's largest online shopping event, as Alibaba shows off its e-commerce prowess.
China is celebrating “Singles Day”, an event which has now become a multi-billion dollar shopping bonanza. CNBC’s Chery Kang has more.
Gil Luria of Wedbush Securities said Alibaba had been taking pre-orders for Single's Day for three weeks compared to just a week in 2015.
Chinese consumers think about buying everything online, from toothpaste to a car, said KPMG's Jessie Qian.
Chinese consumers are tuning into live broadcasts from internet celebrities endorsing or selling certain products, said Duncan Clark of BDA China.
Haoyu Shen of e-commerce giant JD.com says Chinese customers are upgrading to higher quality, better value products and are shopping mostly on mobile.
Customers are only issued with tickets once they have made full payment on their reservations, explained Gagfare founder David Leung.
Amazon shares have slid since the election as investors consider whether a President Donald Trump will go after Jeff Bezos.
Nov 10- Macy's Inc and Kohl's Corp struck an optimistic note going into the holiday shopping season, giving a rare boost to shares of department store operators, which have struggled to grow in the face of intense competition from online retailers. Kohl's Chief Executive Kevin Mansell said he was encouraged by a strong back-to-school season and sales during...
*Sales growth slows in Germany, Austria, Switzerland. BERLIN, Nov 10- Zalando, Europe's biggest online-only fashion retailer, expects its marketing costs will keep falling as a percentage of sales even as Amazon invests in promoting its fashion business. The stock was down 2.2 percent at 1110 GMT on Thursday.
SHANGHAI, Nov 10- Chinese packaging makers are bracing themselves for Singles' Day on Friday, stocking up on cardboard and taking on staff ahead of an online shopping bonanza that shifts more goods than Black Friday and Cyber Monday in the United States combined. More packagers have emerged in answer to China's e-commerce boom which began around 2010,...
Shares of Facebook, Amazon, Netflix and Google's parent company, Alphabet, were broadly trading lower Wednesday, following the presidential election.
PARIS, Nov 7- French online retailer vente-privée expects 2016 sales to reach about 3 billion euros, up from 2 billion in 2015, helped by acquisitions and a revamp of top management after pulling out of the United States, its founder told Reuters. In Europe, it has seen its model copied by the likes of Germany's Brands4Friends and Britain's Brand Alley.
"Mad Money" Host Jim Cramer sees a major shift in the economy that is going to make investors think twice about which retail stocks to buy and sell.
“Fast Money Halftime Report” trader Jon Najarian discusses unusual options activity in Alibaba.
As money pours into local start-ups, Japan’s venture scene is heating up. It even created a billion-dollar unicorn: Amazon copycat Mercari.
Stuart’s U.K. Manager, David Saenz explains why consumers are opting for convenience over cost as we move towards a digital age.
Seafolly CEO Anthony Halas says going online is a good strategy because women consumers prefer the privacy of their homes when trying on swimwear.
When it comes to becoming the next FedEx or UPS, China's package delivery companies have a long way to go.