Alibaba Group will kick off its annual 24-hour shopping extravaganza tomorrow with deals and deep discounts, and a performance by American pop star Taylor Swift.

The Singles' Day sale is now bigger than Black Friday. It comes as the $486bn Chinese retail juggernaut navigates through a major turning point, the resignation of its co-founder Jack Ma as chair, and aims to raise up to $15bn via a share sale in Hong Kong this month.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.