TECH - Alibaba's 618 Shopping Festival Boosts Sales with Big Brands Like Apple Xiaomi Leading the Way | Benzinga
Alibaba Group Holding Ltd’s (NYSE:BABA) 618 shopping festival shows strong momentum, according to preliminary data from Taobao and Tmall platforms.
As of May 31, 185 brands, including Apple Inc (NASDAQ:AAPL), Xiaomi Corp (OTC:XIACF) (OTC:XIACY), and Huawei Technologies Co, each achieved over 100 million yuan in gross merchandise value, SCMP reports.
Additionally, 37,000 brands doubled their sales compared to last year.
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