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268 Billion Yuan in a Single Day-Alibaba sets new record [Copy link] 中文

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Post time 2019-11-12 08:50:29 |Display all floors
This post was edited by imranurrahman at 2019-11-12 08:50

Ali Baba/Marketwatch

Ali Baba/Marketwatch


11.11.2019, Alibaba, Chinese e-commerce giant sets a new sales record on Singles Day, the world's largest 24-hour shopping event.
Alibaba kicked off  Singles Day 2019 with $1 billion in sales achieved in just one minute and 8 seconds and in less than 30 minutes (29 minutes and 45 seconds) had hit the $10 billion sales mark. That’s about a third of last year’s Singles Day sales of $30.8 billion reached in 30 minutes flat.
A the end of the event, GMV stood at 268.4 billion yuan, just under a 26% rise from the figure posted last year. That's a slower growth rate than he 27% seen on last year's Singles Day. In dollar terms, the GMV figure was around $38.3 billion.


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