Alibaba Group’s annual Nov. 11 Singles Day shopping festival, China’s equivalent of Black Friday and Cyber Monday combined, generated more sales than last year, according to the company. As of early Monday evening, the total volume of transactions handled by the e-commerce giant’s marketplaces had topped $31 billion with more than six hours left to go. When the day ended, the company said in a ...
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The Questions Around Snap’s TikTok Clone After Top Exec Resigns
After eight years at the company, Snap’s senior vice president of content and partnerships, Ben Schwerin, is departing to join Coatue Management as a general partner, my colleague Kate reported. Schwerin helped lead Snap’s Spotlight, the app’s TikTok clone launched at the end of 2020. His replacement will face the task of maintaining Spotlight’s growth as other rivals, such as Instagram’s...
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