When The "Double 11" Shopping Festival Is Coming, The Three Big Business Giants Are Down.

Consumers have welcomed the annual "

"Shopping Festival", however, while consumers are revelling in shopping, Alibaba group,

and

The share price of the three big business giants is down. According to the data, the value of the three electricity giants has evaporated more than 20 billion dollars in one day.

Since the first online promotion campaign held by Taobao mall in November 11, 2009, the volume of turnover beyond expectations has been refreshed every year.

In November 11, 2016, Eighth "double 11" zero just passed, official data released by Tmall showed that 52 seconds turnover reached 1 billion, of which wireless terminal business accounted for 94%, up 26 percentage points from last year's 68%.

The latest data show that the turnover of 6 minutes and 58 seconds exceeded 10 billion yuan, and last year spent 12 minutes and 28 seconds.

It is revealed that if there is no accident, the turnover of this year is expected to exceed 100 billion yuan mark.

At the close of us shares, Alibaba group's shares fell 2.41% to 94.34 dollars, Jingdong shares fell 2.94% to $24.39 per share, Amazon's share price fell the most, and fell 3.84% to $742.25 per share.

By contrast, the Dow Jones industrial average rose 1.17% on the same day, the S & P 500 rose 0.20%, and the Nasdaq composite index fell 0.81%.

Technology stocks traded in the US stock market on Thursday, including Facebook, Amazon, Netflix and Google parent Alphabet.

On the contrary, luxury fashion retail stocks recorded strong gains, of which Coach shares rose 1.07% to 36.72 dollars per share; Tiffany&Co shares rose 3.04% to 80.23 dollars; RalphLauren shares rose 4% to 106.26 dollars; MichaelKors shares rose 3.15% to 51.76 dollars; PVH group's shares rose by 4.9% to 112.3 dollars; and Lbrands group's shares rose to 2.48% dollars.

Although there are different views on why this happens in the market, there is a possibility that investors are worried about the international trade policy that Trump will be elected after the US presidency.

RBC's capital market also pointed out on Wednesday's report that because the result was too unexpected, the industry lacked the understanding of the details of the new president policy, so the industry has too much uncertainty in the future, so the probability of market volatility will undoubtedly increase.

It is noteworthy that JeffBezos, founder and CEO of Amazon, reversed his previous stand against Trump. He posted a Twitter message on Thursday to congratulate him on his election.

During the Trump campaign, two people had launched a "war storm" on the social media website Twitter.