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Alibaba Singles Day sales top $24 billion so far

WorldNews Monday, 11 November 2019
Alibaba Singles Day sales top $24 billion so farHong Kong (CNN Business)Alibaba's online retail blitz known as Singles Day has pulled in $24 billion so far, China's biggest e-commerce company said on Monday. The event regularly racks up bigger sales than Black Friday and Cyber Monday combined — and with more than half a day left in the shopping extravaganza, Alibaba (BABA) appears to be on track to surpass last year's $30 billion haul. During Singles Day pre-sales, which...
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Video Credit: The Street - Published
News video: What Alibaba's Singles Day Means for the Chinese E-commerce Giant Going Forward

What Alibaba's Singles Day Means for the Chinese E-commerce Giant Going Forward 02:11

Alibaba will host its annual "Singles Day" on Monday, Nov. 11 and the sales results could be critical for what investors expect out of the company on a longer-term basis. Singles Day is a massive shopping event for Chinese consumers, exclusively for items sold on Alibaba's platform. In 2018,...

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Hong Kong Hong Kong Special administrative region of China

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Hong Kong airline to cut thousands of jobs amid pandemic [Video]

Hong Kong airline to cut thousands of jobs amid pandemic

Cathay Pacific has announced a major restructuring plan as it struggles to deal with travel restrictions and a big drop in demand.

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Cathay Pacific to cut 5,900 jobs [Video]

Cathay Pacific to cut 5,900 jobs

Hong Kong's Cathay Pacific Airways Ltd said on Wednesday it would slash 5,900 jobs and end its regional Cathay Dragon brand, joining peers in cutting costs as it grapples with a plunge in demand due to the coronavirus pandemic. Libby Hogan reports.

Credit: Reuters Studio    Duration: 01:33Published
Thailand, Hong Kong activists form alliance [Video]

Thailand, Hong Kong activists form alliance

Thousands have rallied for six straight days in Bangkok and the movement is finding support in Hong Kong.

Credit: Al Jazeera STUDIO    Duration: 02:36Published
Cathay Pacific to cut 6,000 jobs - report [Video]

Cathay Pacific to cut 6,000 jobs - report

Hong Kong's Cathay Pacific Airways will cut around 6,000 jobs, or 18% of its workforce, and axe regional brand Cathay Dragon to help it weather the coronavirus pandemic, the South China Morning Post reported on Tuesday. Ciara Lee reports

Credit: Reuters Studio    Duration: 01:22Published

Alibaba Group Alibaba Group Hangzhou-based group of Internet-based e-commerce businesses

Jack Ma's Ant Group Putting Together Largest IPO In History [Video]

Jack Ma's Ant Group Putting Together Largest IPO In History

Business Insider reports that Jack Ma's Ant Group is looking to raise its funding target to $35 billion through its initial-public-offering. Ant is Alibaba's fintech arm and China's dominant mobile-payments service. Ant raised its valuation to $250 billion from $225 billion. Previously, the company expected to raise $30 billion. When Ant goes public, its listing will likely be the largest IPO in the world.

Credit: Wochit News    Duration: 00:24Published

CNN Business US financial information website

Trump Defended Hope Hicks' COVID Diagnosis Before His Own [Video]

Trump Defended Hope Hicks' COVID Diagnosis Before His Own

CNN Business reports that in a Thursday interview with Sean Hannity, President Trump defended Hope Hicks after her COVID diagnosis. The interview came three hours before Trump and his wife, Melania tested positive for the disease. In a Fox News chat, Trump told Hannity that he and FLOTUS worked closely with Hicks. He said, "She is a hard worker...a lot of masks, she wears masks a lot. But she tested positive." Trump suggested that avoiding close contact with others is hard. He explained, "...When you're with the Marines, and the police officers — I'm with them so much. And when they come over to you, it's very hard to say, 'Stay back, stay back.'" He added, "They want to hug you and kiss you because we really have done a good job for them. You get close, and things happen."

Credit: Wochit News    Duration: 00:36Published

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