Businesses and consumers in China found the annual Singles’ Day shopping festival less attractive this year amid a sluggish economy, forcing e-commerce firms to look abroad for growth. Online service provider and e-commerce platform Alibaba started the now-famous event on Nov. 11, 2009, offering attractive discounts to entice shoppers to spend more. The extravaganza, also … Read more
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By Cara Murez HealthDay Reporter FRIDAY, June 10, 2022 (HealthDay News) — You might think that having the whole bed to yourself would leave you feeling more refreshed in the morning than sleeping with someone who might toss, turn or snore. Yet, a new study suggests that adults who share their beds with a partner … Read more
Chinese e-commerce giant Alibaba Group Holding Ltd recorded 540.3 billion yuan ($84.54) billion in orders, or “gross merchandise value” (GMV), over its 11-day Singles’ Day sales event, marking a roughly 14% increase from the year prior. The results come as overall consumption in China slows, and cap a relatively muted version of a sales festival … Read more