Market Chatter: Alibaba's Taobao Hong Kong Sees Stellar Turnout During 618

MT Newswires Live

2025/06/20

Alibaba's (HKG:9988) shares closed 2% higher on Friday following a report that users of its Taobao Hong Kong platform tripled during the 618 mid-year shopping festival from a year earlier.

User participation on Taobao's Hong Kong site reached an all-time high, The Standard reported Thursday.

More than 450 brands saw sales top 100 million yuan during the event, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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