Alibaba's Strong Momentum Leads to Record-Breaking Sales at 618 Shopping Festival

Monday, 3 June 2024, 13:00

Alibaba's recent success at the 618 shopping festival highlights the company's strong growth potential. Chairman Joe Tsai's focus on returning to double-digit revenue growth has shown promising results. Notably, 185 major brands, such as Apple, Xiaomi, and Huawei, have surpassed US$13.8 million in gross merchandise value on Taobao and Tmall during the promotional period.
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Alibaba's Strong Momentum Leads to Record-Breaking Sales at 618 Shopping Festival

Alibaba's Success at 618 Shopping Festival

Alibaba, led by Chairman Joe Tsai, has achieved remarkable growth and record-breaking sales during the recent 618 shopping festival. The event showcased the company's strong momentum and potential for further expansion.

Key Brands Achieve Impressive Results

  • 185 major brands, including Apple, Xiaomi, and Huawei, surpassed US$13.8 million in gross merchandise value on Taobao and Tmall.

Alibaba's performance demonstrates its commitment to growth and innovation in the e-commerce sector.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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