The tally is in for Alibaba’s Singles’ Day — U.S. $38.4 billion (RMB 268.4 billion) of gross merchandise volume (GMV), reports Alibaba. The sales marks an increase of 26% compared to 2018. This year’s Singles’ Day featured 200,000 participating brands, one million new product launches and 1.3 billion delivery orders. The top five international countries selling to China through cross-border platforms were: Japan, United States, South Korea, Australia, and Germany.
Chinese social giant Tencent has released a new video-calling app dating platform dubbed, “Maohu,” in a bid to catch up with the short-video trend and expand its presence in the social networking sector, as its messaging platforms WeChat and QQ both hit bottleneck in capturing new users.
Alibaba and WeChat said yesterday travelers will now be able to link their international cards to their payment apps. To use Alipay in China, you’ll have to download the app and indicate you want to install the international version while signing up. The payment service will support Visa, MasterCard, Japan’s JCB, and Singapore’s Diners Club cards. In a separate statement, WeChat’s owner, Tencent, said it will also support American Express cards in addition to the aforementioned cards.