HONG KONG - China's two biggest e-commerce companies are fighting like cats and dogs. After the culmination of a frenzied Singles' Day sale on Nov. 11, the world's largest shopping event, each is calling foul on how the other calculates gross merchandise value.Alibaba, the larger of the two which pioneered the idea of Singles' Day sales, reported $25.4 billion in GMV, while JD.com, its closest competitor, reported $19.1 billion.Following the release of JD.com numbers, an Alibaba executive contended that JD.com's sale period ran from Nov. 1 to 11. However, neither of the companies' Double Eleven sales, as the shopping festival is also known, are confined in practical terms to just what occurs over 24 hours.
"If JD wants, they can simply include the whole year’s volume of orders in the ‘Singles' Day’ GMV," Tiger Wang, the chairman of Alibaba's public affairs committee, said in a video interview with the group-owned publication Qianniu. "Making yourself happy is not a bad thing. This way, a single day's transaction volume on Tmall definitely won't be able to win against a year on JD.com."
RELATED: Alibaba Singles' Day Sales Top $25 Billion >>[caption id="attachment_11048083" align="alignnone" width="6690"] The Tmall cat mascot.[/caption]He suggested JD.com's total was down to creative accounting. "Actually for JD to surpass Tmall is a very simple thing: find a good accountant to solve it," he said.JD.com responded in kind.
"Every time they laugh at us, I know we've just taken market share. The more we close in on them, the more nervous laughter we hear," said Josh Gartner, JD.com's vice president of international corporate affairs.
“I think what’s so interesting about the #MeToo movement and this whole new wave of feminism in general, is that women are finally seeing, ’Oh I can start my own company, oh I can lear to code, oh I can leave my nine-to-five job and do the thing I want to do,” said @brooklyndecker ahead of her @sxsw talk for @createcultivate. The former model took the stage to share wisdom about networking and female-driven entrepreneurship. #wwdeye #sxsw (📷: @jgreenery)
“I was making the guacamole when my scout saw me,” says model @stuckinteenage on being discovered just six months ago while working at @chipotlemexicangrill. Since then Williams has signed with @dnamodels, walked in her first show at @calvinklein and landed on the cover of @vogueitalia – a high point of any model’s career. To read @lisajlockwood’s full interview with the model on her experiences thus far, head to WWD.com – link in bio. (📷: George Chinsee)
“I love the idea of dialogue, period. It’s where I’ve always gotten my inspiration from: hearing other women speak, their journeys and their paths,” said @hereisgina, who delivered the keynote speech at the @sxsw conference for @createcultivate, the online platform and conference series for women. For her two panels, Rodriguez chose female empowering, female-led and female entrepreneurs to focus on. Head to WWD.com to read more about her thoughts on Time’s Up, growing up in a family of women and why we “need a girls’ club.” #wwdeye #sxsw (📷: @jgreenery)
Leading luxury brand are shaking things up to keep up with streetwear. Case in point: the arrival of @mrkimjones as artistic director of @diorhomme. Jones, who succeeds @Kris_Van_Assche, is seen as one of the handful of designers who can actually straddle the luxury and streetwear worlds — which could lead to even more changes at established brands. What could this mean for the rest of the menswear landscape? Head to WWD.com to find out what experts predict #wwdfashion (📷: @franckmura)
“It’s like buying groceries. You’re going to buy the best mango, the best mozzarella, the best things. You have to, or others are going to take it all,” said @gabrielahearst on why she uses only the finest fabrics. Last week, Hearst received her first @cfda nomination for Womenswear Designer of the Year, and earlier this month she opened a permanent showroom in Paris. To read @jessiredale’s interview with the designer and find out why this is shaping up to be a big year for her, head to WWD.com. #wwdfashion (📷: @francoisgoize)
“It’s an interesting thing, playing a younger version of your mother. It’s an interesting concept. I adore my mom and love her in every capacity, but it was just something that had never crossed my mind,” says @anniemstarke on playing a young Joan Castleman in “The Wife.” The same role will be played by her mother Glenn Close. Read more about her growing up in the film industry as the daughter of producer John H. Starke and Close and what she has planned for the future #wwdeye (📷: @nataliamantini)
@asics is launching a new streetwear sneaker inspired by its latest ambassador, @steveaoki. The Hyper-Kenzen x Aoki, which will launch at @footlocker stores exclusively tomorrow, is a slip-on style that incorporates the brand’s proprietary Gel technology through beads integrated into the midsole for comfort and endurance. Read the full story on WWD.com.