Shanghai — alibaba wrapped its singles' day sale with a haul of 268.4 billion renminbi, or $38.4 billion, easily outstripping last year's gross merchandise value record of $30.7 billion.
View Alibaba 2019 Singles Day Sales Background. Singles day 2019's record sales make black friday look like a church bazaar. Singles' day sales show chinese consumer enthusiasm.
Alibaba Singles Day Sales Hit 23 Billion In First Nine Hours from image.cnbcfm.com
Alibaba, essentially china's version of amazon which was founded by china's second richest man jack ma, first commercialised the event in 2009. September growth clocked in at 3.3% versus 2019. Alibaba netted sales worth $30 billion on its platforms on the day last year.
Chinese retailer alibaba (baba.n) on monday said sales for its annual singles' day shopping blitz jumped 25% in the first nine hours to $23 billion (17.9 billion pounds), nearly two thirds of u.s.
The number of delivery orders for 2019 singles' day already surpassed the total for 2017. A screen shows the value of goods being transacted during alibaba group's singles' day global shopping. Alibaba singles' day 2019 final tally. Read three takeaways for the retail industry.
