11-11 Smashes Records
The Morning Run Crew
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The Morning Run crew gives you their take on today's business headlines:
0:33 - Alibaba Group Holding Ltd.’s Singles’ Day shopping bonanza and how it generated a record 168.2 billion yuan ($25.3 billion) in sales, as the company’s investment overseas and effort to link traditional retailers with the internet paid off. This is a 40% increase from last year. The total gross merchandise volume – that is the amount of sales transacted on the tech giant’s e-commerce platforms - was nearly four times the combined online sales of Black Friday and Cyber Monday in the US.
5:53 - Edra Energy's gas s turbine power plant in Alor Gajah, Melaka, is expected to begin operations in 2021. We discuss Edra's proposed Sukuk issuance to finance the plant and its potential IPO.
Presented by: Brian Fernandes, Joyce Goh, Tan Chung Han
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Tags: Edra, Alibaba, Singles Day, 11.11, Sukuk