Monday , June 5 2023

SEEbiz.eu / RS / Chinese giant Alibaba earned $ 1 billion in 85 seconds



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The company has informed the company that its sales have increased by one billion dollars in just one minute and 25 seconds, reports CNN.

Samak day, several items are sold over Black Friday and Cyber ​​Monday together. This increase was a very significant moment when Alibaba was forced to slow down the Chinese economy, new competitors in the e-commerce sector and a trade war with the United States.

Otherwise, the Alibaba marketing giant at the beginning of this month reduced its annual revenue forecast by six percent.
Men's Day is celebrated in China since the 1990s, when students chose this day as Valentine's Day's opposition, so that unrelated people could buy for themselves. The company Alibaba, which supported the initiative, turned into holiday shopping lovers.

Other Chinese e-commerce platforms such as JD.com and many others are taking part in this day, and since that year, Alibaba's Lazada branch in South East Asia will offer discounts outside of China, Singapore, Malaysia, Indonesia, Thailand and Vietnam.

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