Alibaba is leveraging its Singles' Day holiday to boost sales amid a revenue decline - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Alibaba’s Singles' Day is the world's largest e-commerce sales day, and could serve as both a short- and long-term salve for Alibaba's sales performance:

its 11.11 Global Shopping Festival, culminating on Singles' Day, and it will see over 200,000 brands take part. This will likely see Alibaba set a new quarterly revenue record for itself in its fiscal Q3 2020 and potentially temporarily assuage any concerns about its performance.

It's using Singles' Day as an opportunity to get merchants on Tmall to upgrade to Alibaba's new online store format, which could boost Tmall's performance beyond the sales holiday. The new format, called Flagship Store 2.0, in July and can enable brands' online storefronts on Tmall to offer personalized content, augmented reality features, omnichannel opportunities, and other features, all of which could entice consumers to make more purchases.

, Business Insider Intelligence's expert product suite keeping you up-to-date on the people, technologies, trends, and companies shaping the future of consumerism, delivered to your inbox 6x a week. >>

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Taylor Swift should cancel her upcoming performance for Alibaba's Singles Day Gala! She doesn't need any money from corrupt Chinese government owned companies. Stand up for human rights! BoycottChina StandwithHongKong BandinChina

Bias reporting to meet communist propaganda! No good for USA! Alibaba belongs to Chinese government not private company. All Chinese companies' financial are fake, fake, & fake, invest in this company is like dumping your money in the ocean. Garbage to USA!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

HSBC could see staff cuts amid a cost base adjustment and reorganization - Business InsiderHSBC's Q3 shortcomings sparked adjustments to its cost base and an organizational remodel – which could potentially lead to more staff cuts.
Source: BusinessInsider - 🏆 729. / 51 Read more »