Alibaba smashes its Single's Day record once again as sales cross 25 billion

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Alibaba Singles' Day posts record US 25 3 billion in sales

- chinadailyasia.com
12 Nov 2017
Sales on Alibaba's platforms race above 120.7 billion yuan (US$18.2 billion) as of 1:09 pm Nov 11, 2017. Alibaba Group Holding Ltd.'s Singles' Day shopping bonanza generated a record 168.2 billion yuan (US$25.3 billion) in sales as of Nov 12, 2017. (PHOTO / IC)

ALIBABA GENERATES A RECORD 25 BILLION IN SINGLES DAY SALES

12 Nov 2017
Why this matters: The previous record was also held by Alibaba when it processed $17.8 billion in sales as part of last years Singles Day. To put these numbers in perspective retailers brought in a record $3.45 billion on Cyber Monday and $3 billion on Black Friday which makes Alibaba's sales numbers even more astounding.
- apparatusmag.com

Alibaba breaks

- jerusalemonline.com
12 Nov 2017
Yesterday (Saturday), Chinese e-commerce giant Alibaba announced that it exceeded its 24-hour sales record, reaching approximately 25.4 billion dollars' worth of sales during the country's Singles' Day celebrations. The previous record, which stood at 17.8 billion dollars, was broken after only 13 hours.

China spends billions on Singles

12 Nov 2017
Chinese consumers are spending billions of dollars shopping online for anything from diapers to diamonds on Singles Day, a day of promotions that has grown into the world's biggest e-commerce event. Also known as "Double 11" for the November 11 date, the shopping event was launched by e-commerce giant Alibaba. ( AFP ) Alibaba says sales by thousands of retailers on its ...
- trtworld.com

Alibaba Hits 18 Billion Singles' Day Sales Record in 13 Hours

- highsnobiety.com
12 Nov 2017
Alibaba Group, one of the world's largest e-commerce businesses, has had stellar sales performance for Singles' Day 2017. After raking in a massive $1.5 billion in the first three minutes, sales continued to soar to $12 billion in two hours and then onto $18 billion after 13 hours.

Alibaba smashes Singles Day sales record with staggering US 25 3 billion haul

12 Nov 2017
This year's shopping festival entered new territory, blazing past US$1 billion within two minutes of the holiday, starting at midnight Saturday. By the end of the day, sales had hit a record US$25.3 billion, more than 40 per cent higher than sales on Singles Day 2016.
- nst.com.my

Alibaba Group Generated US 25 3 Billion RMB168 2 Billion of GMV During the 2017 11 11 Global Shopping Festival

- news.sys-con.com
12 Nov 2017
"More than US$25 billion of GMV in one day is not just a sales figure," said Daniel Zhang, Chief Executive Officer of Alibaba Group. "It represents the aspiration for quality consumption of the Chinese consumer, and it reflects how merchants and consumers alike have now fully embraced the integration of online and offline retail."

Flipboard on Flipboard

12 Nov 2017
The full number comes in at 163.8 billion RMB, that's roughly $25.4 billion, and it represents a 39 percent increase on last year's sales total of RMB 120.7 billion ($17.79 billion). That also signals a return to growth for Single's Day (11/11) sales, one important area that investors will be looking at.
- flipboard.com

Alibaba earns 12 billion in first two hours of 11 11 sale in China

- yourstory.com
12 Nov 2017
Just so that you understand the scale - in India, during the festival sales season in September this year, e-commerce sales altogether (which includes Flipkart, Amazon, Shopclues, and others) earned just sales of $1.5 billion, a slight rise from $1.05 billion in 2016, according to research firm RedSeer Consulting.

How Alibaba made 17 8 billion on Single

12 Nov 2017
In a nod to the friendly competition between Ma and Amazon CEO Jeff Bezos, Amazon recorded $ 1 billion in sales for its made up holiday , "Prime Day," and it was the largest single day for sales in the company's history, reports Markets Insider's Seth Archer.
- businessinsider.com

Alibaba Singles' Day Breaks Sales Record With 11 Hours to Spare

- bloomberg.com
12 Nov 2017
The annual frenzy had already hit $8.6 billion in sales in the first hour after starting at midnight, and by 8 a.m. some 82 brands had topped 100 million yuan in sales including New Balance, Samsung and Shiseido, according to Alizila , a blog run by the company. More than 90 percent of transactions were done via mobile.

Alibaba Singles' Day breaks sales record, rakes in 18 bn in 13 hours

12 Nov 2017
It's early days in Alibaba's grand retail experiment, but if it works, it could deepen a lead over Jeff Bezos' Amazon.com Inc in the fragmented world of physical retailing. Ma's company spent billions buying into grocers, shopping malls and even department stores years before Amazon announced its $13.7-billion acquisition of Whole Foods Market Inc. Alibaba is already ...
- business-standard.com

Alibaba's Singles Day Sales Hit New Record of 25 3 Billion

- thepropertygazette.org
12 Nov 2017
Singles Day is now inextricably linked with Alibaba, the Chinese e-commerce leviathan that in recent years has turned the holiday into an online -- and occasionally brick-and-mortar -- mercantile extravaganza. It routinely eclipses Amazon's yearly Prime Day promotional event.

Chinese Buy Yachts, TVs Online to Drive Alibaba Singles' Day Sales

12 Nov 2017
The e-commerce giant said it racked up more than $25.3 billion in sales in the 24 hour-period that began at 12 a.m. Saturday -- helped along by a gala TV show, a marketing campaign that pushed advance orders, and the usual discounts on everything from cosmetics to cars.
- wsj.com
#SinglesDay      #Us25      #JackMa      #AlibabaGroup     
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