Alibaba is twice as profitable as Amazon and aims to serve 2 billion consumers by 2036. (AP Photo/Ng Han Guan, File)
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The unnamed U.S. clothing company was expecting a 20 percent jump in online sales on Alibaba's Tmall, thanks to the e-commerce giant's massive reach.The company refused to sign an exclusive contract with Alibaba, and instead participated in a big sale promotion with its archrival, JD.com Inc.JD.com said that over 100 Chinese brands defected last year due to pressure from its main rival, an assertion Alibaba and some brands have contested.Peacebird, a Chinese fashion company, is among those that left JD.com last year.Alibaba said it signed up 60,000 international brands for its massive Single's Day sale in November, up from 5,000 in 2015 .
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