Canning capacity as ecommerce bubble breaks
What a pile up
© Nunthana Setila
By Ian Putzger
China’s Singles Day smashed records again for online shopping (Thanksgiving weekend is as yet uncounted). Alibaba set a new high, selling over $30.8bn worth of goods in 24 hours. Rival JD reported a 27% surge in revenue for the day.
Together the two Chinese online behemoths raked in a staggering $54bn.
The e-commerce juggernaut rolls on, seemingly unstoppable, amid lofty growth predictions. According to Fitch Solutions, e-commerce sales in the Asia-Pacific region will rise 14.2% in 2019 to reach $1.2 trillion, while ...
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ganesh
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