BEIJING (dpa-AFX) - AliExpress, a subsidiary of Alibaba Group Holding Ltd. (BABA), Wednesday announced its decision to launch Singles' Day sale on November 11, offering up to 90 percent discounts on a wide range of products.
The event, also known as the 11.11 Global Shopping Festival, will commence at 12:01 a.m. PST on November 8 with special discounts for early bird consumers.
Currently, Alibaba's stock is trading at $99.28, down 0.55 percent on the New York Stock Exchange.
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