The gross value of merchandise sold on Alibaba in 24 hours on 11 November or Singles’ Day in China. This tops the record set in 2017, when the company sold US$25.3 billion worth of products on its e-commerce sites such as Taobao and Tmall.
The percentage of chief financial officers in the United Kingdom who plan on hiring new employees this year, according to Deloitte’s European CFO survey. It noted that U.K. CFOs are the least optimistic about their businesses’ financial prospects, with only 24 percent of those surveyed deeming the next few months a good time to invest.
The maximum percentage electric car manufacturer Tesla will be slashing off the prices of its Model X and Model S cars in Mainland China as announced on 22 November. With discounts up to 26 percent, Chief Executive Officer Elon Musk says the move will make both models more affordable in light of U.S.-China trade war tariffs.