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China Singles Day events show 4.7% sales slide in first half of last day -research firm

November 11, 2022
Source: reuters.com reuters.com
News Snapshot:
[1/4] A delivery worker sorts parcels at a makeshift logistics station ahead of Alibaba's Singles' Day shopping festival, following the coronavirus disease (COVID-19) outbreak in Shanghai, China, November 10, 2022. REUTERS/Aly Song SHANGHAI, Nov 11 (Reuters) - Alibaba Group Holding (9988.HK) and other Chinese e-commerce firms holding Singles Day shopping events together logged a 4.7% decline in sales for the first half of the final day, a research firm said. Chinese consultancy Syntun said it was estimating a combined 223 billion yuan ($31 billion) for the 12-hour time period. It did not provide a breakdown for individual e-commerce firms. The...
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