Alibaba smashes its Single’s Day record once again as sales cross $25 billion

 Alibaba has set another Single’s Day record after the e-commerce giant sold over $25 billion of product on the Chinese biggest online shopping date. The full number comes in at 163.8 billion RMB, that’s roughly $25.3 billion, in GMV — that’s “gross merchandise volume” which is used to measure a dollar value for all sales on a platform. In Alibaba’s… Read More

Alibaba needed just 12 hours to equal last year’s Single’s Day sales

 Update: Alibaba ended Single’s Day with $25 billion in GMV Well, it’s 11/11 on the other side of the globe which means Alibaba is already raking in loads of cash from Singles Day, otherwise known as the biggest day for global online shopping of the year. The company has a running sales counter on its Alizila news website, which details the “gross merchandise volume” that… Read More

Crunch Report | Musical.ly to sell for at least $800 million

Today’s Stories

China’s Toutiao is buying Musical.ly in a deal worth $800M-$1B
Uber loses UK tribunal appeal over driver employment rights
Uber ‘Express POOL’ offers the cheapest fare if you’ll walk a little
Facebook relaunches Events app as Facebook Local, adds bars and food

Credits
Written by: MRD
Hosted by: MRD
Filmed by: Chris Gates
Edited by: Chris Gates Read More

Netflix cuts ties with Louis CK

 Netflix has announced that it will not be making a second stand-up special with comedian Louis CK. For years, rumors have swirled that Louis CK engaged in inappropriate sexual behavior with the women around him. Gawker led coverage of these rumors in 2015 (and even as early as 2012). But this week, the New York Times reported that five women, many of whom went on the record, have accused Louis… Read More

Amazon’s Echo Spot might not arrive by Christmas [Updated]

 A number of customers who pre-ordered Amazon’s new Echo Spot smart alarm clock are now being told the product’s ship date has been pushed back. Emails sent to customers inform them that “unfortunately, the release date for the item listed below has changed,” and then provides a new delivery estimate based on that revised date. [SEE UPDATE BELOW]
However, the official… Read More

Bike-share platform Spin poaches Seattle transit regulator and launches in a dozen new cities

 Spin, one of several bike-sharing companies now vying for dominance in a number of U.S. cities, has a new weapon to wield against its competitors: Kyle Rowe, the architect of Seattle’s permissive and apparently successful bike-share permit system, who is joining the company to work on government partnerships. In addition, Spin is gearing up to launch in a dozen or so new cities. Read More