As per report Chinese e-commerce giant Alibaba announced generation of whopping $30.8 billion in terms of Gross Merchandise Value (GMV) during Singles' Day sale the 24 hour annual shopping event held on November 11, beating the last year's record of $25 billion. Meanwhile around 180,000 brands had participated in the sale on all retail platforms of the company. Apple, Xiaomi, Pampers were among the top brands that were sold to customers spread across 197 countries.
Accordingly the 10th edition of the Global Shopping Festival 11.11, which is also called 'Double 11' event as it falls on November 11, kicked off on Saturday midnight providing huge discounts on goods ranging from diapers to mobile phones. Alibaba has invested in Indian digital payment platform Paytm. Joseph Tsai, Executive Vice Chairman of Alibaba Group said the investment in the payment platform helps them understand the Indian market.
Moreover Alibaba group CEO Daniel Zhang said the Indian market was big and it was seen by many big companies as strategic location. Hence Alibaba will help local companies grow rather than putting business itself there.
Cyclonic Storm prevails over AP & North Tamilnadu According to sources the IMD stated the deep depression over south Bay of Bengal is likely to intensify into a cyclonic storm over the next 24 hours. Meanwhile the cyclonic storm is expected to move towards Andhra Pradesh and adjoining north Tamilnadu coast over the next 72 hours and the regions could witness heavy to very heavy rainfall.
- Interpol issued RCN to Mehul Choksi
- Ambani spent 100 Crores for Isha Ambani's Wedding
- YSRCP Leaders made a complaint to EC preventing Fake Votes
- Employee comes in Ambulance to ask leave!
- Minister Vijayabhaskar expresses joy!
- Rahul gives an opportunity for BJP!
- BJP losing Urban seats Day by Day
- Malaysia Fantastic Deals Package launched for Indian Tourists
- KTR confident in winning Lok Sabha Polls by 2019
- Swiggy's Next Customer base is Students
- Will KCR replicate Rythu Bandhu Scheme across India?
- Celebrities across Globe attended Isha-Anand Royal Wedding
- KCR took oath as CM of Telangana for Second Time
- Bumper Airfare Fly to any place with Rs.999
- Single use plastic be banned in TN from January 1, 2019