Singles Day 2020 feature

U.S. Sellers Outperform During Singles Day 2020

| Mike O'Brien

Boding well for the holiday spend here, the U.S. was the top seller of goods during Alibaba’s Singles Day 2020, which raked in $116 billion combined on Alibaba and JD.com. Alibaba itself reported $75.28 billion yuan in GMV, while JD.com said its Singles Day GMV was $40.72 billion. Sales from U.S. retailers topped $5 billion.

Alibaba Targets Amazon through AliExpress Expansion

| Mike O'Brien

Alibaba is changing up its fast-growing AliExpress marketplace to attract merchant sellers from nations besides China, a direct challenge to Amazon’s international marketplace, according to the Financial Times. The “local to global” program will initially admit sellers from Russia, Turkey, Italy and Spain, expanding as it goes.

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.