Connect with us

Latest News

Alibaba Makes Out Like The 40 Thieves For Single’s Day!

Published

on

Alibaba Makes 40 Thieves For Single Day,Alibaba Singles Day Sales All Records,Startup Stories,Business Latest News 2017,Alibaba Singles Day Sales Records,Alibaba Singles Day 2017 Sales,Five Largest Ecommerce Platforms in World,Alibaba Business News,Global Shopping Festival 2017

The China based ecommerce giant Alibaba, said on Saturday (11 November, 2017,) its Single’s Day broke all records by hitting $ 25.4 billion! This record amount broke all records set by Alibaba last year and has now established this ecommerce brand as the leading online shopping platform.

Once a celebration for China’s lonely hearts, Singles’ Day has become an annual 24 hour buying frenzy that exceeds the combined sales for Black Friday and Cyber Monday in the United States and acts as a barometer for China’s consumers. The event kicked off at midnight and a deluge of pre orders helped drive a billion dollars worth of sales.

In the first two minutes, sales hit the roof which led Alibaba to record $ 10 billion dollars in just the first hour! Sales kept rising higher and at the halfway mark, Alibaba recorded $ 18 billion, sweeping past 2016’s record with a vengeance.

The event got shoppers around China scouting for sales and bargains, while delivery executives and robots geared up for an exciting day ahead! Alibaba converted over 100,000 locations into smart stores for this year’s event. Goods perused by people at the stores but then were bought and paid for on Alibaba’s platforms, were added towards the sales total.

This also led to people to buy from brick and mortar stores, with virtual trial rooms and live fashion shows in an attempt to attract shoppers, a move that clearly worked in Alibaba’s favor! “This is a big event for China, (and) for the Chinese economy,” Joseph Tsai, Alibaba’s co founder and vice chairman, said. “On Singles’ Day, shopping is a sport, it’s entertainment.

Alibaba is one of the World’s largest ecommerce shopping platforms and competes with Flipkart and Amazon. Alibaba provides a wide range of consumer to consumer, business to consumer and business to business sale services via online portals.

Continue Reading
Advertisement
3 Comments

3 Comments

  1. Kuwin

    November 5, 2025 at 11:05 am

    kuwin sở hữu kho game đa dạng từ slot đến trò chơi bài đổi thưởng, mang đến cho bạn những giây phút giải trí tuyệt vời.

  2. MM88

    November 6, 2025 at 4:50 pm

    Khám phá thế giới giải trí trực tuyến đỉnh cao tại MM88, nơi mang đến những trải nghiệm cá cược thể thao và casino sống động.

  3. 谷歌站群

    November 6, 2025 at 10:23 pm

    专业构建与管理谷歌站群网络,助力品牌实现全域流量的强势增长。谷歌站群

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Zoho Pay Debuts as India’s New UPI Challenger, Taking on PhonePe, Paytm, and Google Pay

Published

on

Zoho Payment

Zoho Corporation has expanded its fintech portfolio with the launch of Zoho Pay, a UPI-based payments app built to challenge India’s top digital payment giants such as PhonePe, Paytm, and Google Pay. The new app supports peer-to-peer transfers, bill payments, QR-based transactions, and merchant settlements in a streamlined interface. Available as both a standalone app and an integrated feature inside Zoho’s privacy-driven messenger Arattai, Zoho Pay enables users to handle chats and payments in one platform, emphasizing data privacy and Made-in-India innovation.​

Through seamless integration with Arattai, Zoho Pay allows users to send or request payments, split expenses, and conduct UPI-based transactions directly in their chat windows. Users can link bank accounts, scan dynamic QR codes, and receive audio confirmations of payments, ensuring speed and security. This design mirrors the simplicity of India’s leading UPI apps but is powered by Zoho’s non-advertising, privacy-first model. The integration aligns with Zoho’s mission to build a self-reliant digital ecosystem, where messaging and money management coexist securely.​

In the competitive digital payments market, Zoho Pay differentiates itself through its tight business software integration with apps like Zoho Books, Zoho Payroll, and Zoho Commerce, offering small businesses unified access to payments, billing, and accounting. The company is also expanding its reach with POS devices for merchants featuring UPI QR, card payments, and instant reconciliation tools. With founder Sridhar Vembu’s vision of a ‘Chat + Pay’ ecosystem, Zoho Pay reflects a bold step toward redefining India’s fintech scene with a secure, ad-free, and locally developed alternative to global payment platforms.

Continue Reading

Latest News

Meta Expands AI-Powered Reels Translation to Hindi and Portuguese, Enhancing Global Creator Reach

Published

on

Meta has expanded its AI-powered translation feature for Reels to include Hindi and Portuguese, joining English and Spanish in empowering creators to reach a broader global audience on Instagram and Facebook. Originally launched in August 2025 with support for English and Spanish, this update now allows creators to seamlessly translate and dub their short videos, breaking language barriers across some of the largest Reels markets worldwide. The AI technology mimics the creator’s voice tone and even offers lip-syncing to ensure the translated videos feel natural and engaging for viewers.​

This enhancement is especially significant for India, the largest market for Facebook and Instagram, where over 600 million people speak Hindi. Content creators who are not fluent in Hindi can now easily access this vast audience, increasing their reach and engagement across diverse linguistic groups. To maintain transparency, all translated Reels are clearly labeled with “Translated with Meta AI,” and viewers can choose to switch translations on or off based on their preference.​

In addition to voice dubbing, Meta is developing features to translate captions and text stickers on Reels, making content more accessible even without sound. These AI translation tools are available free for eligible public Instagram accounts and Facebook creator profiles with over 1,000 followers. This innovation reinforces Meta’s commitment to fostering cross-cultural content sharing and enhancing creators’ ability to connect with audiences around the world through short-form videos.

Continue Reading

Latest News

Dunzo’s Collapse: Reliance’s ₹1,645 Crore Loss Signals Challenges in India’s Hyperlocal Delivery Market

Published

on

Startup Stories

Reliance Industries has officially written off its $200 million investment in Dunzo, a once promising quick-commerce startup in India. Despite high-profile backing and the potential to disrupt the hyperlocal delivery sector, Dunzo faced insurmountable challenges including high operational costs, unsustainable cash burn, and stiff competition from larger players like Zepto and Blinkit. Reliance’s decision follows Dunzo’s operational suspension, leadership exits, and failed attempts at securing additional funding or acquisition partners, ultimately resulting in the company’s digital platforms going offline in early 2025.​

The downfall of Dunzo was accelerated by its inability to maintain a healthy balance between rapid expansion and revenue growth, with losses in FY23 reaching an alarming ₹1,800 crore. With monthly expenses crossing ₹100 crore and mounting pressure to scale, Dunzo resorted to layoffs and delayed payments before shutting down most services outside Bengaluru. Reliance’s significant stake, initially seen as a strategic advantage, ended up limiting the startup’s flexibility in making independent decisions during its final months.​

Reliance’s write-off sends a strong message to India’s startup ecosystem about the risks inherent in quick-commerce and hyperlocal delivery models. Investors are increasingly focused on sustainable growth, disciplined scaling, and profitability. For Reliance, lessons from Dunzo’s collapse are shaping future e-commerce strategies, driving greater emphasis on operational efficiency and prudent financial planning in an intensely competitive market.

Continue Reading
Advertisement

Recent Posts

Advertisement