Singles day 2019 got off to a roaring start with alibaba saying that online sales topped $12 billion in just the first hour after midnight (which is when singles day sales and just 16 and a half hours into the singles day 2019 sales, alibaba brought in $31 billion in sales, exceeding the record for 2018.
Download Alibaba Singles Day Sales 2019 Background. Singles day is a national holiday in china and the world's largest shopping event. 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 in fiscal 2019, more than 70 percent of alibaba's new customers live in these areas.
Alibaba S Singles Day Sales Top 38 Billion Cgtn from news.cgtn.com
Alibaba netted sales worth $30 billion on its platforms on the day last year. Leveraging live streaming to drive sales. Singles' day sales on alibaba's tmall are considered an economic barometer for china, and this year, its sales volume reached a new peak in a shorter time.
Sales hit $1 billion in the first minute and eight seconds and reached 84 billion yuan in the first hour, up 22% from last year's early haul of 69 billion yuan.
More than halfway through the unofficial chinese shopping holiday known as singles day, sales volume had already blown past last year's total, according to alibaba, china's version of amazon, which showed the. Published mon, nov 11 20193:33 am estupdated mon, nov 11 20192:03 pm est. Despite alibaba's massive sales numbers,now is not necessarily a good time to bet on its shares. Historically, over the past five years in the week leading up to singles' day, alibaba.
