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Big Singles' Day for JD.com

Nov. 13, 2017 2:59 AM ETJD.com, Inc. (JD) StockBABA, JDBy: Yoel Minkoff, SA News Editor53 Comments
  • JD.com's (NASDAQ:JD) sales for Singles' Day reached 127.1B yuan ($19.1B), up 50% from a year ago.
  • The only difference vs. its rival... sales included 11 days of transactions, unlike Alibaba (NYSE:BABA), which reported on Saturday that its one-day sales totaled 168.3B yuan ($25.4B).
  • JD started its sales event on Nov. 1, to reduce delivery bottlenecks and give users more time to make their purchasing decisions.

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