This year's singles' day featured 200,000 participating brands, one million.
50+ Alibaba Singles Day 2019 Gmv Images. Another year, another successful singles day for alibaba. Alibaba's gross merchandise volume on singles' day from 2011 to 2020 (in billion u.s.
Consumers From China S Smaller Cities Lift Alibaba To New Singles Day Record As Buyers Shrug Off Trade War South China Morning Post from cdn.i-scmp.com
To put that in perspective, black friday and one hour after midnight on 11.11, total gmv is us$12.01 billion #double11 and just 16 and a half hours into the singles day 2019 sales, alibaba brought in $31 billion in sales. The company did so solely relying on its own alibaba cloud. Singles day, which falls on november 11 each year, was originally created as a student holiday in china to celebrate single people but alibaba transformed.
Daniel zhang, ceo of alibaba group, makes a speech after the 2018 singles' day shopping festival, which saw gross merchandise value reach a new record of 213.5 billion yuan.
As alibaba singles' day comes to a close, the tally is in, and 2019 generated us $38.4 billion (rmb 268.4 billion) of gross merchandise volume (gmv), reports alibaba. Alibaba's singles day sales on november 11 totaled a record $38.4 billion or 268.4 billion yuan gross merchandise volume, an increase of 26 percent over 2018, according to the company. The sales marks an increase of 26% compared to 2018. Gross merchandise volume — gmv — is total sales of merchandise through a particular marketplace over a.
