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Singles’ Day for the year 2016 has turned into a historical money-spinner for Alibaba, China’s leading e-commerce giant. Every year, 11 November is considered a shopping day all over the country as shops offer varied goods at discounted prices. Alibaba.com reportedly crashed last night due to the millions of people logged in to make purchases…
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Alibaba, truly bleeds because business transactions with this most popular Chinese company who is also a huge sponsor of Guangzhou Evergrande FC, is on the the decline due to imitations. Jack Ma, executive chairman of Alibaba Group Holding Ltd, said that counterfeit products hurt Alibaba as well as China’s economy. In an interview with Xinhua,…
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