Katy Perry cancels Chinese concert after Hillary Clinton loses US election

Singer Katy Perry - a key supporter of Hillary Clinton - has cancelled her first concert after the 69-year-old's shock election loss. Perry had been due to perform in China at a bash put on by the country's largest online retailer, Alibaba, to commemorate China's largest shopping day, Single's Day, akin to the Boxing Day or Black Friday sales.

Alibaba CEO Eyes $4 Trillion Offline Market by Being Middleman

After taking control of China's online shopping market, Alibaba Group Holding Ltd. wants to bring the business of instant feedback to a brick-and-mortar sector that's 10 times bigger. The nation's biggest e-commerce company is building a network that would allow physical stores -- and the brands they sell -- to monitor transactions as they happen, Chief Executive Officer Daniel Zhang said.

10 Things to Know for Today

In this file photo taken Nov. 11, 2015, Jack Ma, executive chairman of the Alibaba Group, speaks in front of a giant screen showing real-time sales figures of e-commerce giant Alibaba, during a press conference for the "Singles' Day" online shopping festival held at National Aquatic Center, also known as the "Water Cube" in Beijing, China. Alibaba's relationship with an anti-counterfeiting lobby coalition known as the International Anti-Counterfeiting Coalition is a tale of how one of China's corporate giants won _ and ultimately lost_ a friend in Washington, using legal methods long deployed by corporate America: money and friendship.