Single Day

SHANGHAI: Alibaba Group Holding and other Chinese e-commerce firms holding Singles Day shopping events together logged a 4.7% decline in sales for the first ...

Alibaba is also not holding its usual gala show and analysts have forecast flat or only slight growth in sales for the e-commerce giant. Alibaba two years ago did away with a practice of giving frequent updates of gross merchandise value across its platforms. It did not provide a breakdown for individual e-commerce firms.