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

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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.

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PayU Gets Final RBI Nod to Operate as Payment Aggregator Ahead of 2025 IPO

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PayU India, owned by Prosus, has received final approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator, a year after getting in-principle approval in April 2024. This authorization allows PayU to onboard new merchants and offer digital payment solutions, joining other major players like Razorpay, CCAvenue, and BillDesk.

The RBI’s nod comes as PayU prepares for its planned IPO in the second half of 2025, following a delay from its original 2024 timeline due to market conditions. The company, which serves over 450,000 merchants, reported $319 million in revenue from its core payments and credit business in the first half of FY25.

PayU stated that the approval will help it build a resilient, compliant, and innovation-driven institution, supporting merchants of all sizes and advancing the Digital India vision. The company has also strengthened its risk management and expanded its presence in real-time payments through a strategic stake in Mindgate Solutions.

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Google’s Iconic ‘G’ Logo Gets First Update in 10 Years

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Google has refreshed its iconic ‘G’ logo for the first time in nearly 10 years, replacing the familiar solid blocks of red, yellow, green, and blue with a smooth, vibrant gradient that blends these colors seamlessly. This subtle update gives the logo a softer, more fluid, and modern appearance, aligning with Google’s evolving digital identity and current design trends.

The new gradient transitions smoothly from red to yellow, yellow to green, and green to blue, making the logo more visually appealing and adaptable across various devices, especially on mobile platforms. This redesign also reflects Google’s growing emphasis on artificial intelligence, echoing the gradient style used in the branding of Google Gemini, the company’s AI-generative assistant.

The updated ‘G’ logo has started rolling out on iOS through the Google Search app and on some Android devices, particularly Pixel phones running the Google app beta version 16.18. However, most other platforms, including the web and non-Pixel Android devices, still display the classic solid-color logo. A wider rollout is expected in the coming weeks.

So far, Google’s main wordmark and other product logos like Chrome, Maps, and Gmail remain unchanged. Given the shift toward gradient designs and AI-inspired visuals, similar updates to other Google icons may follow in the future.

In summary, this first major update to the ‘G’ logo since 2015 signals a subtle but meaningful shift in Google’s branding strategy, blending tradition with innovation as the company deepens its focus on AI and modern design aesthetics.

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Ixigo Halts Bookings for Flights and Hotels to Turkey, China

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Indian online travel platform ixigo has suspended all flight and hotel bookings to Turkey, China, and Azerbaijan in response to these countries expressing support for Pakistan after India’s military strikes-dubbed ‘Operation Sindoor’-against terror bases in Pakistan and Pakistan-Occupied Kashmir. The move, announced by CEO Aloke Bajpai on X, was described as an act of solidarity with India during heightened diplomatic tensions following the Pahalgam terror attack.

ixigo’s decision aligns with similar actions by other Indian travel companies, including EaseMyTrip and Cox & Kings, which have also restricted travel services to Turkey, China, and Azerbaijan. The suspensions come amid widespread calls for boycotts after these countries condemned India’s military response and backed Pakistan.

The travel industry’s collective response underscores how geopolitical developments are influencing business decisions, with Indian companies emphasizing national interests and unity in the face of international criticism

 

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