Advertisement
Canada markets open in 9 hours 4 minutes

  • S&P/TSX

    22,375.83
    +116.63 (+0.52%)
     

  • S&P 500

    5,214.08
    +26.41 (+0.51%)
     

  • DOW

    39,387.76
    +331.36 (+0.85%)
     

  • CAD/USD

    0.7306
    -0.0005 (-0.07%)
     

  • CRUDE OIL

    79.78
    +0.52 (+0.66%)
     

  • Bitcoin CAD

    86,122.23
    +1,824.15 (+2.16%)
     

  • CMC Crypto 200

    1,351.17
    +51.07 (+3.93%)
     

  • GOLD FUTURES

    2,358.80
    +18.50 (+0.79%)
     

  • RUSSELL 2000

    2,073.63
    +18.49 (+0.90%)
     

  • 10-Yr Bond

    4.4490
    -0.0430 (-0.96%)
     

  • NASDAQ futures

    18,216.00
    +1.50 (+0.01%)
     

  • VOLATILITY

    12.69
    -13.00 (-50.60%)
     

  • FTSE

    8,381.35
    +27.30 (+0.33%)
     

  • NIKKEI 225

    38,181.66
    +107.68 (+0.28%)
     

  • CAD/EUR

    0.6777
    -0.0001 (-0.01%)
     

Alibaba looks to take this year's $25 billion mega sales event international

Arjun Kharpal

The sale day, widely known as "Singles Day," takes place on Nov. 11 and Alibaba is hoping its "New Retail" strategy will help it be bigger than the previous year. Total gross merchandise value generated in 2017 from the event was $25.3 billion. Chinese e-commerce giant Alibaba BABA said that its upcoming mega-shopping event will be the largest-ever in terms of "scale and reach" as it looks to continue growing what has become a multibillion-dollar sales day.

Continue reading