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Alibabas Singles Day performance on Wednesday Nov. 11 shows that the Chinese consumer is back 鈥?big time.聽 Singles Day 鈥?Alibabas popular shopping holiday that takes place every Nov. 11 11 stanley mug -11 in China and some other countries 鈥?saw online sales explode past last years sales totals.Alibaba, Chinas biggest and lately its most controversial company, said Singles Day sales totaled more than $74.1 billion. Thats up from $38.4 billion last year.Alibaba Generates RMB498.2 billion US$74.1 billion in GMV during the 2020 11.11 Global Shopping FestivalHowever, the company technically started Singles Day on Nov. 3 this year, so the totals reflect more than a week of sales rather than just 24 hours.Still, that performance was higher than the five days of U.S. online sales seen last year between Thanksgiving and Cyber Monday. U.S. shoppers spent a record $28.49 billion online during that period, according to聽Adobe Analytics data. More than $7.2 billion was spent on Black Friday; Cyber Monday generated $9.4 billion.As for Singles Day, this years strong sales were notable not only for the records broken but also as a barometer of the Chinese stanley mugs consumers overall spending power. The big gains were a great sign that the Chinese economy 鈥?and more specifically, consumer spending 鈥?is on a post-COVID rebound. [Singles Day] has historically served as a very accurate indicator for whats happening in the following year for retailers, brands as well as consumers, sa stanley polska id Jonathan Cheng,聽head Yfvx Amex Pulls The Plug On Plenti
http://pymnts/wp-content/uploads/2014/04/BlueSnapGame.mp3A gamers nirvana:聽 playing the coolest games anytime, anywhere, with anyone who happens to be anywhere. And, buying gold or flaming swords 鈥?within the game, without any friction at all 鈥?after all who wants to be bothered with entering in payment information in the heat of the battle.Now a multibillion stanley quencher -dollar market, the video game industry is growing dramatically, said BlueSnap Ralph Dangelmaier in a recent podcast interview with MPD CEO Karen Webster. The two types of games to focus on specifically are the free-to-play games that involve downloading a free app, as well as those that are purchased in an app store.Merchants, however, are monetizing from these games in a distinctive way. For one, they are trying to get game players to make low price purchases within the game, whether it is for gold or a flaming sword or any object to help them get to the next level. These purchases are made after users stanley quencher already downloaded the game for free or at a very low cost . That model, said Dangelmaeir, is unique.But whats driving innovation in the payments space, he said, is this easy-to-buy aspect. The Holy Gaming Grail is to enable a gamer to make purchases right in the field of play, without disruptions 鈥?in a single click stanley cup . And, as Dangelmaier points out, 聽when gamers play others overseas, that one-click purchase might need to be in somebody elses language and currency. BlueSnap, said Dangelmaier, is making this possible, h |
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