Udayavni Special

Alibaba’s Singles’ Day sales hit new record of $38 bn


Team Udayavani, Nov 12, 2019, 12:56 PM IST

Hangzhou (China): E-commerce giant Alibaba’s Singles’ Day sales hit another record of USD 38.38 billion, even amid concerns of slowing economic growth and trade tensions with the United States.

The Alibaba Group’s various shopping platforms’ total GMV exceeded USD 10 billion in just 29:45 seconds, and broke last year’s record sales figure after 16 hours 31 minutes of the Global Shopping Festival going live.

At the close of the 24-hr shopping extravaganza, the total GMV stood at RMB 268.4 billion (USD 38.379 billion).

According to Alibaba, the year-on-year GMV growth registered a 25.7 per cent rise, while the number of delivery orders stood at a massive 1.292 billion.

As many as 15 brands surpassed RMB1 billion in GMV including Apple, Haier, Huawei, Nike, XiaomI, Adidas, L’oreal and Estee Lauder among others, Alibaba said.

During the 11.11 shopping festival some of the major countries/regions that bought from China in terms of GMV include Russia, Hong Kong, Taiwan, United States, Australia, Malaysia and Japan, Alibaba said.

The 11.11 shopping festival began in 2009 with participation from just 27 merchants has evolved into a global shopping festival, Chris Tung CMO of Alibaba Group said.

More than 200,000 brands from 78 countries and regions participated in 11.11 this year, with one million new products on offer.

Top News

PM anguished by loss of lives in Kerala landslide

Karnataka rains: JD(S) demands special financial aid from Centre

RBI sets up panel under KV Kamath to suggest steps to deal with COVID-related stressed assets

Won’t attend mosque inauguration, says Yogi Adityanath; Samajwadi Party asks him to apologise

India’s COVID-19 fight takes a hit as over 6 lakh warriors go on strike

SSLC exam results to be announced on Aug 10: Edu Min

Rhea Chakraborty appears before ED in money laundering case



Related Articles More

RBI sets up panel under KV Kamath to suggest steps to deal with COVID-related stressed assets

Parasuraman new President of BCIC

Harman bets big on gaming segment in India

Vodafone-Idea Q1 losses at Rs 25,460 crore on provisioning for statutory dues

RBI to allow offline payments through cards on pilot basis

MUST WATCH

Horticulture in 75 cents land | Success Story of Padmanabha | Udayavani

Shankar Suvarna | Interview with successful Dairy Farmer | Agriculture

Rangayya Naik | How to Nurture a Child | Udayavani

B. S. Yediyurappa sense of duty in hospital as well; Important Files Verification | Covid Positive

MGM college’s Ravindra Mantapa Opening Ceremony | Udayavani

Latest Additions

Deve Gowda greets Mahinda Rajapaksa for winning SL general election

PM anguished by loss of lives in Kerala landslide

SC refuses to hear PIL for probe against Congress party over CPC pact

Karnataka rains: JD(S) demands special financial aid from Centre

Missing Indian expat from Kerala found dead in Dubai

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.