Tag Archives: Economy of China


China shopping festival smashes record with $25 bln haul

SHANGHAI, CHINA (NOVEMBER 11 AND 12, 2017) (REUTERS) – Alibaba, the Chinese e-commerce giant, said that its Singles’ Day sales extravaganza on Saturday’s (November 11) hit $25.4 billion, smashing its own record from last year and cementing it as the world’s biggest shopping event. Continue reading


Snapchat owner’s shares plunge

Snap’s shares tumbled after it disappointed with revenue and user growth. But the stock recovered slightly after Snap said China’s Tencent holds 12 pct stake. Roselle Chen reports. Continue reading


China’s Alibaba to build cyber Silk Road by creating global e-commerce platforms

China Central Television (CCTV) – China’s e-commerce giant Alibaba Group has been developing cross-border e-commerce platforms in countries along the Silk Road Economic Belt and the 21st-Century Maritime Silk Road, promoting the idea of building a “cyber Silk Road”.
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