Hewlett Packard Enterprise Company (HPE) Releases FY18 Earnings Guidance
The Walt Disney (DIS) Getting Somewhat Favorable Media Coverage, Report Shows
China's JD.com swings to third-quarter profit, lifting shares
14 November 2017, 12:35 | Jan Cross
China e-commerce laws
As for the USA retailing equivalents just after Thanksgiving, for years the sales figures in China on Singles Day have blown past the totals of Black Friday and Cyber Monday combined.
Audio will be available later today.
At least 331 million packages were handled by Chinese postal and courier companies, 31.5 percent more than the same day a year ago, according to the State Post Bureau.
Singles' Day is an annual 24-hour buying frenzy that takes place in China on November 11.
Chinese e-commerce giant Alibaba, who created the event in 2009, took in 66 percent of the total with sales of US$25.3bn on November 11.
While U.S. retailers are preparing for the usual discount sales around Thanksgiving, there was a huge shopping event over the weekend in China. Total mobile GMV settled through mobile payments platform Alipay accounted for an astounding 90% of total GMV, compared to 82% previous year.
FBI Stats Show Rise in Hate Crimes Last Year
There were 40 hate crimes reported in the state past year , the highest number of bias-related incidents since 2010. Some agencies also may not determine an incident is a hate crime until after the FBI's deadline to report.
On Saturday, Chinese shoppers celebrated their romantic independence by spending more than $25.3 billion on Alibaba's e-commerce site during "Singles Day". "The Singles' Day Gala combined entertainment, shopping and interactive involvement and that is why it is such a unique success". Looking ahead to the third fiscal quarter for 2018, the analyst forecasts China Retail revenue will grow 45% year-over-year, experiencing overall revenue gains of 44% compared to the 54% seen in the third fiscal quarter of the year before.
In the beauty products segment, the company sold 55 million facial masks, while sales of L'Oreal products were three times as much as a year ago. Singles Day also heavily used streamed video as a marketing and promotional tool and live streaming video is becoming ever more central to its marketing strategies.
For comparison, merchants pulled in a record $3.34 billion on Black Friday and $3.45 billion on Cyber Monday in 2016, according to Adobe Digital Insights.
To connect a 10th of China's six million convenience stores to the internet, Alibaba uses an app called Ling Shou Tong, meaning "connect retail".
At just past the halfway mark, the headline gross merchandise volume swept past last year's dollar total just shy of $18 billion.
Alibabasaid more than 140,000 brand and merchants participated, its payments platform, Alipay, processed 1.48 billion transactions and its logistics provider Cainiao Network processed 812 million total delivery orders.
McDonald's drive-thru descends into chaos over nuggets order
According to RTV6 the managed told the women to "have a nice day" before turning his back on them to fill other customer orders. Video of a McDonald's melee is going viral on social media, and the entire weird incident happened right here in Indianapolis.
Bills-Saints in NFL Week 10
New Orleans now has 14 rushing touchdowns this season compared to the 17 they had all of a year ago , or the 16 in 2015 and 2014. The dynamic running-back duo of Mark Ingram and Alvin Kamara each surpassed 100 rushing yards and 130 yards from scrimmage.
Moses nominated for BBC African Player award
Crowned Liverpool's Player of the Year, Mane, 25, was also one of just two Africans to make the Ballon d'Or shortlist. Egypt winger Salah has had a year to remember both in the colours of Roma and Liverpool, and for his national side.
Warsaw nationalist march draws tens of thousands
The march, in Warsaw, saw some supporters chanting "clean blood", "pure Poland " and "white Poland", The Guardian reports. Many carried the national white-and-red flag as others set off flares and firecrackers, filling the air with red smoke.
Is Kylie Jenner Preparing For A Baby Shower?
Although Kim's hubby Kanye West and her biggest fan Jennifer Lawrence were nowhere to be seen, it was still an event to remember. She showed video and images of the front of the house and interior decorated with blooming cherry blossoms and white flowers.
Senegal beat South Africa to qualify for World Cup
Khune's outstretched leg denied the Liverpool frontman, but the ball ricocheted off Mkhize and into the net. Sadio Mané set up Diafra Sakho for a attractive first goal , and Mané was involved in the second as well.