Alibaba appointed a new CFO for e-commerce businesses growth

Alibaba Group Holding Ltd said it was reorganizing its international and domestic e-commerce businesses and would name a new CFO. The changes, declared on Monday, come as Alibaba faces headwinds on various fronts, including increased competition, an easing back economy, and a regulatory crackdown. Alibaba said it would form two new units to house its… Continue reading Alibaba appointed a new CFO for e-commerce businesses growth

How to celebrate Singles’ Day, the world’s biggest online shopping event

Chinese “Singles’ Day” (光棍节 guāng gùn jié) or “Double 11” (双十一 shuāng shí yī), is a holiday for bachelors and a day to praise singlehood. It is believed that Singles’ Day was initially established by Chinese university students during the 1990s as a sort of “anti-Valentine’s Day”. It is celebrated on November 11th since 11/11… Continue reading How to celebrate Singles’ Day, the world’s biggest online shopping event

What is Singles’ Day? History and Significance of the world’s biggest shopping event

Singles’ Day (光棍节), referred to in China as Guanggun Jie (管棍节) or “Single Sticks Holiday,” or Double 11 or Shuang Shi’yi (双十一) or Bachelors’ Day is a Chinese event that is generally celebrated by youngsters in China on November 11. It’s not an official public holiday. Chinese Singles’ Day has become the world’s biggest shopping… Continue reading What is Singles’ Day? History and Significance of the world’s biggest shopping event

Donald Trump expects to ban Alibaba and other Chinese firms in the US after the TikTok ban

US President Donald Trump has shown that he was hoping to ban other Chinese-owned organizations, including e-commerce giant Alibaba in the United States, days in the wake of signing an executive order targetting TikTok’s parent organization, ByteDance, an American TV channel detailed. The improvement came after Trump gave an executive order on August 14, expecting… Continue reading Donald Trump expects to ban Alibaba and other Chinese firms in the US after the TikTok ban