Alibaba Smashes Records with $38 Billion Singles’ Day Sales; Ferrari To Limit Licensing in Bid to Bolster Luxury Image; With Instagram’s Reel, Facebook is Stepping Up the Offensive Against TikTok; Nike Pulls its Products from Amazon; Govt. Releases New Draft Consumer Protection Rules for E-Commerce; Disney+ Launches with Massive First-Day Subscriptions; Netflix Inks Multi-Year Deal with Nickelodeon and more.
Alibaba Smashes Records with $38 Billion Singles’ Day Sales
Shrugging concerns of “weakening discretionary spending” and “more muted” demand from Chinese…
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