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BABA-W Double 11: Orders Top 100M after RMB10B Subsidy Upgraded as Super Subsidy
BABA-W (09988.HK)(BABA.US) announced that Taobao's RMB10-billion subsidy blockbuster amplification for Tmall's Double 11 period this year was upgraded to a RMB10-billion su...
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BABA-W Double 11: Orders Top 100M after RMB10B Subsidy Upgraded as Super Subsidy
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BABA-W (09988.HK)  -0.750 (-0.853%)    Short selling $781.72M; Ratio 18.123%   (BABA.US)      announced that Taobao's RMB10-billion subsidy blockbuster amplification for Tmall's Double 11 period this year was upgraded to a RMB10-billion super subsidy event.

As of November 3, the number of orders receiving Taobao's RMB10-billion super subsidy surpassed 100 million, a remarkable upsurge compared to the same period last year, and drove a YoY leap of over 350% in transaction volume in industries such as home appliances, home improvement, and sports and outdoor, while orders for apparel and 3C digital products also shot up 200% and 100% respectively.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-11-15 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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