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Why Alibaba doesn't want to emphasise that US$17.8b Singles' Day sales figure

Tuesday, November 15, 2016 - 05:50

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Above: Workers preparing packages for delivery at a sorting centre in Lianyungang, Jiangsu province, during the Singles' Day online shopping festival on Nov 11.

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Mr Ma (above) thinks pure e-commerce businesses are going to face tremendous challenges in the future, as online shopping becomes the new normal.

New York

ALIBABA Group Holding Ltd reported a whopping US$17.8 billion of sales during its online shopping bonanza Singles' Day. But it doesn't want you to focus on that number.

That's because billionaire chairman Jack Ma thinks pure e-commerce businesses are going to face

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