Alibaba posts $1 billion in sales in the first five minutes of the Singles’ Day shopping event

Business & Technology

Alibaba enlisted top celebrities, including the Hollywood actress Scarlett Johansson, to drum up attention on its 24-hour shopping event of November 11, which may give clues about the health of the Chinese economy.

Amedeo Tumolillo
Credit: BEIJING, CHINA - JULY 02: (CHINA OUT) (L - R) Actors Andy Lau, Matt Damon, director Zhang Yimou, Jing Tian and Pedro Pascal attend "The Great Wall" press conference at Park Hyatt Hotel on July 2, 2015 in Beijing, China. (Photo by VCG/VCG via Getty Images)

Amedeo Tumolillo is an editorial consultant with The China Project and award-winning multimedia journalist. He previously worked at The New York Times and Spectrum. Follow him on Twitter at @hellotumo.

Twitter
Facebook

Suggested for you

Business & Technology

U.S. restriction on Chinese use of open-source microchip tech would be hard to enforce

Eduardo Jaramillo
Business & Technology

This is the state of generative AI in China

Paul Triolo

The China Agenda for August 7–13 — Taiwan’s vice president to New York

Arran Hope

China’s GDP grew by 6.3% in second quarter, but youth unemployment hits record high

Jeremy Goldkorn

Can Yonghui’s hot tech CEO turn the supermarket chain around?

Barry van Wyk

Can Alibaba’s six-ring circus succeed?

Ivy Yang