Magic Johnson Selling Gels Shows Why Alibaba Escaped Trump

by finance.yahoo.com posted 7months ago 54 views
(Bloomberg) -- For American brands struggling to survive the resurgent coronavirus, China is proving to be one of the few bright spots. As Alibaba Group Holding Ltd. prepares to host its biggest and most global shopping marathon ever, its position as a gateway to the world’s fastest-recovering economy is winning points with an increasingly hostile U.S. administration.Alibaba’s Singles’ Day event culminates annually Nov. 11, an online shopping phenomenon that with $38 billion of sales in 2019 easily dwarfed Black Friday and Cyber Monday.

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