Alibaba’s ‘Double Eleven’ promotions on track to post record-high sales

Alibaba Group Holdings is leading all mainland e-commerce companies on “Double Eleven”, the world’s biggest online shopping festival, as it posted gross merchandise volume of 27.3 billion yuan (HK$34.6 billion), nearly half of which were mobile transactions, in its first

via South China Morning Post - Business feed http://ift.tt/1EnzAJV