Alibaba's Strong Earnings Report and Robust Double 11 Growth Highlight a New Trend of Value-Based Competition in E-commerce
Alibaba's Strong Earnings Report and Robust Double 11 Growth Highlight a New Trend of Value-Based Competition in E-commerceAlibaba Group released its second-quarter earnings report for fiscal year 2025 on the evening of November 15, showing that its core businesses maintained healthy growth momentum. During the subsequent analyst call, Wu Yongming, CEO of the Group, announced that Taobao and Tmall witnessed robust GMV growth during the recently concluded Double 11 shopping festival in 2024, and the platform also reached an all-time high in its monthly active users...
iQiyi Sports Apologizes for Technical Glitch During National Football Team Live Stream and Announces Compensation Plan
iQiyi Sports Apologizes for Technical Glitch During National Football Team Live Stream and Announces Compensation PlanOn November 15th, iQiyi Sports issued an official apology statement to its users, acknowledging the technical failure that occurred during the live stream of the China National Football Team's match against Bahrain on November 14th.In the statement, iQiyi Sports stated, "We sincerely apologize for the technical glitch that occurred during the live broadcast of China's national football team's match against Bahrain on November 14th, resulting in some users making duplicate purchases and being unable to redeem their rights...