7 Things You Need to Know About Singles Day

| Daniela Forte

While the holiday season is almost upon us here in the United States, China is gearing up for their own Black Friday-like holiday. Alibaba’s Singles Day or 11/11 is coming up this weekend. Here are seven things you need to know about Singles Day.

Scoring Big with Chinese Shoppers on Ecommerce Holidays

| Franklin Chu

Global ecommerce holidays have become increasingly pervasive and lucrative, as ever-growing results prove. These insights from the 618 Festival will help U.S. merchants prepare for other upcoming ecommerce events, including China’s Singles Day, the biggest sales event in global retail.

Pinduoduo Files For $1 Billion IPO in the U.S.

| Daniela Forte

Shanghai-based ecommerce marketplace Pinduoduo, China’s third-largest after Alibaba and JD.com, is seeking to raise up to $1 billion in a U.S. IPO on an exchange to be named later, less than three years after its founding, See how the company differentiates itself from other Chinese marketplaces.

Google to Invest $550 Million in JD.com

| Daniela Forte

Google plans to invest $550 million in Chinese ecommerce marketplace JD.com in an effort to expand its presence in Asia and help JD.com better compete with main rival and regional leader Alibaba. See why this could be a win-win move for Google and JD.com

Alibaba Pursuing Walmart Stores on its Home Turf

| Mike O'Brien

Alibaba Group Holding Ltd. is investing $2.9 billion in China’s largest “hyper-market” or superstore company, Sun Art Retail Group, in a move there against Walmart and its partnership with Alibaba rival JD.com. This is yet another chapter in the growing “clicks-to-bricks” trend, including Amazon’s Whole Foods acquisition.