Wall Street investment bank: "Merchants are returning from other platforms to Taobao Tmall"

Recently, Wall Street investment bank Jefferies Financial released a november 11 shopping festival-related special report, stating that the online shopping sentiment in September has improved, with all platforms taking simple and direct discount measures for november 11, and there is a trend of merchants returning to shelf-based e-commerce. The report cites industry experts as saying that compared to a few years ago, influencer live-streaming e-commerce no longer has the previous momentum, as merchants are more focused on profitability and product return rates, and shelf-based e-commerce has a lower product return rate than live-streaming e-commerce. Regarding Taotian Group, the report determines that "merchants are returning from other platforms to Taobao Tmall", and the number of new Taotian merchants has grown rapidly in September, with new products on Tmall.

Gelonghui Finance02:00 ET

US stocks closed: 'Big Seven' all defeated, S&P and Nasdaq hit the largest decline in nearly two months.

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cls.cn17:29 ET

Alibaba Options Spot-On: On October 31st, 121.21K Contracts Were Traded, With 2.65 Million Open Interest

Moomoo News16:30 ET

Alibaba's Strong Singles' Day Sales Kickoff Hints At China Consumer Rebound

BenzingaOct 31 10:56 ET

Alibaba Cloud rekindles its ambitions.

Ride the wave of AI.

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alibaba-SW (09988.HK) spent $19.99 million to repurchase 1.614 million shares on October 30th.

Gelonghui October 29th | alibaba-SW (09988.HK) announced that it will spend $19.99 million on October 30th to repurchase 1.614 million shares.

Gelonghui FinanceOct 31 06:32 ET