Connect with us

Internet

Singles’ Day: Alibaba’s Jack Ma Says Shopping Results Miss Expectations

Published

on

Alibaba Group Holding co-founder Jack Ma said on Wednesday results from the Singles’ Day annual online shopping festival had missed the Chinese e-commerce giant’s expectations.

Launched in 2009, Singles’ Day has become China’s version of US online sale event Cyber Monday, which follows America’s Thanksgiving holiday. Analysts monitor sales on Singles’ Day to gauge consumer sentiment in China.

The Chinese shopping festival is held on November 11 and is also referred to as Double Eleven because of the date.

“This year’s Double Eleven did not meet the expectations I had imagined,” he said at the 5th World Zhejiang Entrepreneurs Convention.

In a video circulated by Chinese media outlets, Ma said one reason for this was the warm weather. “As soon as the weather gets cold, apparel starts to sell a bit better,” he said.

He also said the event fell on a Monday this year, discouraging people to shop at night before going to work.

“So we hope that for Double Eleven in the future the country will give everyone a half-day off,” he said.

Alibaba did not immediately respond to requests for comment.

Alibaba primarily generates revenue from advertisement rather than purchases on its site.

© Thomson Reuters 2019



Source link

Continue Reading

Internet

One UI 3.1 update for the Samsung Galaxy Z Fold2 brings new experiences

Published

on

Samsung has announced new experiences and interactions for its Galaxy Z Fold2 smartphone with the introduction of One UI 3.1. Since last December, owners of the smartphone have been enjoying One UI 3 with Android 11 on the device. The device maker says that following the release of One UI 3.1, the user experience on the foldable device will get … Continue reading

Continue Reading

Internet

“Hey, Facebook” wake word lands on Oculus Quest 2 and Portal

Published

on

Almost all the Big Tech companies have smart assistants these days except for Facebook. There have been rumors and signs that the social media giant would be coming out with its own but nothing has materialized so far. It might, however, be taking another step in that direction by pushing its own trigger phrase to activate voice commands not only … Continue reading

Continue Reading

Internet

Android Sleep API to make sleep tracking apps more efficient

Published

on

There has been perhaps an overabundance of focus on activity trackers, most of them targeting, well, activities. While movement and exercise are, of course, important, they aren’t the only measures of a healthy lifestyle. Sleep is just as important, perhaps even more so these days. In an effort to help app developers and, consequently, users develop better sleeping habits, Google … Continue reading

Continue Reading

Trending