Shopping Spree China
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China's 24 Hour Online Shopping Binge Tops $1.5 Billion In First 3 Minutes
Chinese e-commerce giant Alibaba said sales topped 10 billion yuan ($1.51 billion) in just over three minutes from the opening of Singles' Day, an annual online discount sales gala that has become the world's biggest shopping spree.
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China Puts Brakes On Overseas Spending Spree
Beijing is tightening screening on Chinese companies' overseas investments, according to the government and reports, after a record-setting shopping spree raised concerns of capital flight and reckless spending.
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China's 24 Hour Online Shopping Binge Tops $1.5 Billion In First 3 Minutes
Chinese e-commerce giant Alibaba said sales topped 10 billion yuan ($1.51 billion) in just over three minutes from the opening of Singles' Day, an annual online discount sales gala that has become the world's biggest shopping spree.
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China Puts Brakes On Overseas Spending Spree
Beijing is tightening screening on Chinese companies' overseas investments, according to the government and reports, after a record-setting shopping spree raised concerns of capital flight and reckless spending.
