U.S. retailers kicked off Cyber Monday by launching a slew of deals earlier than usual over the weekend, seeking to sustain the momentum of a record $11.6 billion in online sales on Thanksgiving and Black Friday.
The under 35s will be key to the Christmas shopping season internationally, a new study shows. And retailers who want to reach them need to hit a sweet spot by combining sustainability with tech and attractive pricing.
Chinese e-commerce giant Alibaba Group raised up to $12.9 billion in a landmark listing in Hong Kong, the largest share sale in the city in nine years and a world record for a cross-border secondary share sale.
Alibaba’s planned $13.4 billion share sale will be Hong Kong’s first paperless stock market listing, a source has said, breaking with a long-held tradition of investors placing stock orders in bank branches.