Daniel Zhang Yong, executive chairman and chief executive of Alibaba Group Holding, says the company aims to serve more than one billion annual active consumers by the end of its fiscal 2024. Photo: Reuters

Alibaba quarterly revenue jumps 40 per cent ahead of Singles’ Day shopping festival

  • The e-commerce giant’s revenue for the quarter ended September 30 reached US$16.6 billion, beating estimates
Topic |   Alibaba

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Daniel Zhang Yong, executive chairman and chief executive of Alibaba Group Holding, says the company aims to serve more than one billion annual active consumers by the end of its fiscal 2024. Photo: Reuters
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Workers wrapping packages at a logistics centre in Lianyungang, east China's Jiangsu province on November 8, 2016. Photo: AFP

Chinese shoppers say they would shun American brands during the world’s busiest 24 hours of online shopping

  • Up to 78 per cent of Chinese say they would avoid buying American brands, opting instead for Chinese products, with more than half of them citing ‘patriotism’ as the main reason, according to AlixPartners’ survey
  • The survey of 2,000 adult Chinese consumers was conducted between October 2 and 7
Topic |   Singles' Day (11.11)

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Workers wrapping packages at a logistics centre in Lianyungang, east China's Jiangsu province on November 8, 2016. Photo: AFP
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