Alibaba's singles' day sales numbers soar in just nine hours
Alibaba, a Chinese online retail website, has announced that its annual singles' day sales hit $22.63 billion within the first nine hours. This may become the world's largest online shopping event as the numbers outpace the competition. The company opened the event with performances from international stars such as Taylor Swift and Jackson Yee.
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After TikTok, Trump indicates banning Alibaba, other Chinese firms in US
WASHINGTON: US President Donald Trump has indicated that he was looking to ban other Chinese-owned companies, including e-commerce giant Alibaba in the United States, days after signing an executive order targetting TikTok's parent company, ByteDance, an American TV channel reported. These banned clones include Tiktok Lite, Helo Lite, SHAREit Lite, BIGO LIVE Lite and VFY Lite.
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Indiatimes
Jack Ma to resign from SoftBank board
SoftBank announced that the co-founder of Alibaba, Jack Ma will resign from its board, in the latest departure by a high-profile ally of CEO Masayoshi Son. The departure of Ma, who retired as Alibaba’s executive chairman in September, comes as he pulls back from formal business roles to focus on philanthropy
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CNBC
American Grocery prices are on the rise
US grocery store price tags are soaring across the country. Prices at the supermarket are rising sharply because coronavirus has disrupted the food supply chain : When restaurants shut down, Americans started cooking at home, and demand for groceries shot up. Breakfast cereal prices rose 1.5%. Doughnut prices shot up 5% last month, and muffins are 4.7% more expensive. Baby food prices rose 2.7%.
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Cnn
Dubai’s 30-minute grocery delivery service
Daily by Talabat is Dubai's first d-mart or cloud store concept offering 30-minute delivery of groceries at hypermarket prices. The service was launched around three months ago, before the start of pandemic in the region, now covering more than half of Dubai and working on expansion. Grocery and food delivery services reduce the need for people to leave their homes during the pandemic
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Gulfnews