DayOne’s Billion-Dollar Bet: APAC Data Center Giant Eyes Global Expansion Through Major Funding Push
Massive Funding Round Signals Global Ambitions DayOne, the recently independent data center operator formerly known as GDS International, is making…
Tag: GIC (Singaporean sovereign wealth fund)
Alibaba’s Singles Day Kicks Off Strong Amid Nio Legal Woes and Asian Market Shifts
Alibaba’s Singles Day event reportedly saw 35 brands hit RMB 100 million in sales within an hour, while Nio shares dropped nearly 9% on a lawsuit from Singapore’s GIC. Asian equities strengthened as US-China tensions eased, with clean tech firms gaining on new EV infrastructure plans.
Alibaba’s Singles Day Begins with Record-Breaking Presales
Alibaba’s highly anticipated Singles’ Day shopping event kicked off with robust presales activity, according to reports. Sources indicate that within the first hour, 35 brands achieved sales exceeding RMB 100 million, with over 1,800 orders processed and active user numbers surpassing last year’s figures. The analysis notes cosmetics and sports apparel brands like Estée Lauder and Nike saw particularly strong demand, though Alibaba’s shares dipped slightly by 0.25% amid broader market caution.