Alibaba Group Holding Ltd (BABA), Upcoming Singles' Day Festival. What you need to know...
Alibaba Group Holding Ltd (BABA:NYSE), Year-To-Date (YTD) performance is at 113.92% after reported their last Q2 earning reports beat. https://www.tradersfish.com/earning/display_table/69
Investors are now watching for their next big catalyst event set to take on 11.11 which also known as Singles' Day or #Double11. This is the world's largest single day retail event and has become a traditional shopping festival. From last year; 5 billion sales in first hour, 657 million delivery orders on Alibaba's China and International retail marketplaces, and reported 82% of purchase has made on mobile phones during Singles' Day. This year 11.11 #Double11 aka Single's Day:
- 140,000 brands are participating
- 15 million plus product listings
- 60,000 international brands will be available
- 600,000 local neighborhood convenience stores and 30,000 rural Taobao services participate
- 1/2 billions Chinese consumers visiting Alibaba's platform
For the past five years, Singles' Day festival has generated solid returned for the company.
This year stock performance.
For more information you can follow Alibaba Group on Twitter @AlibabaGroup and our @TradersFish
Will you be shopping or will you be investing?
It's only took half of day for Alibaba to smash last year sales record. This year mind boggling sales $25.40 Billion.