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Alibaba says 15% of China delivery areas disrupted during Singles Day

November 18, 2022
Source: cnbc.com cnbc.com
News Snapshot:
Alibaba broke tradition by not releasing total sales for its Singles' Day shopping festival this year. Pictured here are advertisements for the festival in a Shanghai subway station on Nov. 10, 2022. BEIJING — China's Covid controls disrupted Alibaba 's ability to deliver packages, the company said, dragging down the e-commerce giant's sales in a competitive market. "The resurgence of Covid has affected one area after another, resulting in abnormal or suspended logistic service in different places," Alibaba CEO Daniel Zhang said during a quarterly earnings call Thursday, according to FactSet. "This hurt merchant operations and consumer logistics experience." Disruptions...
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China Tech Buzz Topics: Alibaba | Beijing | CEO | China | consumer | Covid-19 | delivery | e-commerce | Giant | JD | JD.com | LINE | logistics | online shopping | sales | service | Shanghai | share | shopping | Singles Day | subway | Total

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