New Retail

Alibaba will export its independent research and development capabilities in cloud computing and Internet of Things for Shanghai, and promote the development of new retail, smart logistics and environmental governance in the region, and help the development of the new economy in the Yangtze River Delta.

In the ninth year of development, Tmall Double 11 is the world's largest shopping carnival, the largest online fair, the largest commercial "super project", and the most extensive global resonance.

According to the increase in the amount of transactions during the Taobao Double 11 Singles Day period, I believe that in the days to come, friends at home and abroad will be surrounded by express parcels.

Alibaba kicked off the festival for its annual Singles Day shopping event on Friday and hopes its "New Retail" strategy can help make it the biggest edition yet.

Alibaba's annual sales event Singles Day is set to go global this year, as the Chinese retail giant aims to rake in one billion orders in 24 hours.

Now in its ninth year, the annual Chinese online shopping festival Singles’ Day (11 November) is no longer just about Alibaba, but has morphed into a nation-wide shopping craze with e-commerce players other than Alibaba taking up a substantial share of the pie as well.

Singles Day, Alibaba and its founder, Jack Ma, transformed the de facto holiday from an ‘anti-Valentine's Day’ for Chinese singletons to a global shopping festival back in 2009 – and made billions of dollars in the process.