Last year, Alibaba sold 540.3 billion yuan ($76.1 billion) and more they expected see if the company and other retailers together they could reach the sales record of one trillion yuan.
Together with its great rival in the internet commerce industry, in 2021 they reached 889,000 million yuan (139,400 million dollars), a figure that exceeds the Gross Domestic Product of countries such as Puerto Rico, Cuba or Ecuador.
But Alibaba said in a statement on Saturday that this year’s results were “in line with last year’s despite macroeconomic challenges and the impact of Covid-19.”, without giving details. He added that some 290,000 brands participated in 2022with different levels of discounts.
Research firm Syntum said on Friday that platforms like Alibaba and JD.com had combined sales of 262 billion yuan between 8:00 p.m. on Thursday and 2:00 p.m. on Friday.
The date, which began as a riotous consumer spree fueled by Alibaba founder Jack Ma, it has subsided in recent years amid Beijing’s controls on trading platforms and declining coverage by state media.
The consumers They have also tightened their belts due to the persistence of the zero covid strategy from Beijing, which it has caused wage cuts and affected supply chains.
The name of the date is a celebration of singlehood inspired by the four ones, 11/11, to be held on November 11.
Alibaba is due to present its earnings report to its shareholders next week.
Source: Ambito
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