China‘s largest e-commerce giant, Alibaba Group, said Sunday sales by the thousands of retailers on its platforms for the 24-hour period on Saturday amounted to 168.3 billion yuan ($25.3 billion), setting a new record for the company. It was 39 percent more than sales clocked last year on Alibaba’s platforms of 120.7 billion yuan.
By comparison, American shoppers last year spent more than $5 billion shopping online on Thanksgiving Day and Black Friday, according to Adobe, which tracks such data. Shoppers also spent $3.39 billion on Cyber Monday last year, the largest single online shopping day in the U.S., Adobe said.
In China, Alibaba’s main rival, online retailer JD.com, did not provide a sales figure only for Saturday but said cumulative sales over the 11-day period starting on Nov. 1 through Saturday totaled 127 billion yuan ($19 billion).
Narcan Explained: What Is It and How Do You Use It?
Ninety-one people in the U.S. die every day from opioid-related overdoses, but there’s a tool that can reverse the effects of an overdose that more and more law enforcement agencies and paramedics are now carrying with them as part of their standing operating protocol. It’s called Narcan, and here is what you need to know about what it is, how it works and how to use it.
(Published Friday, Nov. 10, 2017)
Starting at midnight Friday, diamonds, Chilean frozen salmon, tires, diapers, beer, shoes, handbags, and appliances were shipped out from JD.com’s distribution centers on trucks bound for deliveries across China.
China is already the world’s largest e-commerce market and the of online shopping that makes up all consumer spending grows every year. Boston Consulting Group forecasts online spending will rise by 20 percent a year, hitting $1.6 trillion by 2020, compared with 6 percent growth for off-line retail.
Zhang Jingjing, a 30-year-old clerk for an engineering company, prepared for Singles Day by building a shopping list on Alibaba’s retail platform Tmall and watching for when prices dip. She then clicks and snags a long-sought item at a discount.
The spending gives a boost to the ruling Communist Party’s efforts to nurture consumer-based economic growth and reduce reliance on trade and investment. China has 731 million internet users, up 6 percent from 2016, according to government statistics.
Chuck Todd on 70 Years of ‘Meet the Press’
Chuck Todd, host of “Meet The Press,” talks to NBC’s Eric Hinton on the legacy of the iconic show as it celebrates its 70th anniversary, the impact of the Trump presidency on his media colleagues and living up to the standard of Tim Russert.
Todd also talks about the upcoming Meet the Press: Film Festival taking place in collaboration with the American Film Institute. AFI announced its full slate of official selections, 16 short-length political documentaries produced by filmmakers from across the country which will be shown at the Landmark Atlantic Plumbing Cinema in Washington, D.C., on November 13.
Film screenings will be organized under seven issues and followed by QAs with the respective filmmakers and an NBC News correspondent.
(Published Wednesday, Nov. 8, 2017)
Copyright Associated Press