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Alibaba’s “Single Day” Raises $ 17.7 Billion

Alibaba sets record one-day sales

Again, the singles day Alibaba’s famous shopping event broke all records with 17.8 billion sales up 23%.

81.8% of sales were made on mobile (compared with 69% a year ago).

Alipay processed 1 billion transactions and more than 120,000 transactions per second at peak sales.

Half-day Alibaba already had sales of $ 14 billion.

alibaba-record-salesLast year, the “11.11 Global Shopping Festival” aka Singles Day had generated $ 14.4 billion in a single day (More than Black Friday and Cyber Monday combined).

Single day shopping dates back to 2009. For one day Alibaba offers 450 million users 24 hours of promotional shopping.

For the first time the day was extended this year to Taiwanese and Hong Kong shoppers.

According to Alibaba, 50,000 traders and 5,000 intranational brands participate in the operation. In total, nearly 6 million products were offered during the single day.

37% of shoppers bought International brands. Among the best-selling foreign brandsare Nike in the 6th position, Adidas in the 10th, and New Balance in the 11th.

Users also enjoyed new experiences in VR shopping and games around the Tmall Mascot.

https://www.youtube.com/watch?v=yq2tQnyoQtI

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