Tag: Alibaba
Alibaba’s Singles’ Day sales for 2022 stagnate at $84B
Image: Alibaba Alibaba’s sales for Singles Day reached $84 billion, which is in line with last year’s sales, according to Tradingplatforms.com. The slowing global economy, rising inflation, and Covid-19 lockdowns have been blamed for the sales stagnation. This is the first time in Alibaba’s history that Singles' Day sales have not…
Tech Digest daily roundup: Twitter Blue Tick move backfires
Twitter's new verification model appears to have backfired after a number of distasteful posts from the seemingly official accounts of famous figures. Previously, the blue tick symbol was reserved for accounts Twitter had vetted and determined to be genuine. But following his takeover, Elon Musk announced that anyone would be able to purchase a tick for…
Tech Digest daily roundup: Apple staff ‘must be in office 3 days a week’
Apple has told employees that they must get back in the office for at least three days every week. Like many companies, it is attempting to figure out what role its offices have after remote working prompted by the COVID-19 pandemic. Apple previously attempted to get staff back in the office in June 2021, only to…
Tech Digest daily roundup: Singles Day fails to hit double-digit growth
Chinese e-commerce giant Alibaba's Singles Day is known for being the world's biggest online shopping extravaganza. But this year it has been a more toned down affair as Beijing cracks down on businesses and economic growth slows. Sales for the 11-day event rose at their slowest rate since it was launched in 2009, up 8.5%…
5 largest Internet companies hit 1.7 million employees, 60% increase in year
The digital transformation fuelled by the COVID-19 pandemic has sped up the growth of the world's largest internet companies. Today, these tech giants employ more people than ever and generate revenue counted in tens and hundreds of billions of dollars. According to data presented by BuyShares.co.uk, Amazon, Alibaba, Alphabet, Facebook, and eBay - the world's largest…
More UK retailers to accept Alipay following Barclaycard partnership
Chinese mobile payments giant Alipay can now be used in more UK stores after a partnership with Barclaycard was announced. AliPay is currently accepted in some UK shops, restaurants and hotels but Barclaycard says it will now offer software that will enable retailers to update their existing point-of-sale systems to support Alipay – rather than…
Alibaba’s $30 billion Singles Day helps power UK brands including Dyson, Jaguar Land Rover
Forget Black Friday. Alibaba's Singles’ Day is the biggest online sales day and this year it helped power UK brands as sales topped $30 billion. The Chinese e-commerce giant Alibaba’s Singles’ Day sales soared to £23.81 billion ($30bn) last Sunday (November 11th). And the international delivery company ParcelHero says the strong demand for quality products means…
