Alibaba sales record on Single’s Day 11.11. 2016 Despite concerns of slowing growth

Alibaba Biggest day of shopping 

Singles’ Day 11.11.2016 — which is China’s biggest shopping day. A day for records. A big promotion day for Alibaba

Alibaba smashes its sales record on Single’s Day, despite concerns of slowing growth | TechCrunch  On the business side of things, GMV, the metric to measure the total value of merchandise sold across Alibaba’s online stores, hit $14.3 billion last year. That figure was beaten in Chinese Yuan before 3:30 pm, while the U.S. Dollar metric was beaten before 8:00 pm when GMV reached $14.69 billion, or RMB 100 million.:

Alibaba smashes its sales record on Single’s Day, despite concerns of slowing growth | TechCrunch On the business side of things, GMV, the metric to measure the total value of merchandise sold across Alibaba’s online stores, hit $14.3 billion last year. That figure was beaten in Chinese Yuan before 3:30 pm, while the U.S. Dollar metric was beaten before 8:00
This year 11.11. 2016 Alibaba marked Single’s Day — the planet biggest online shopping event — with a splashy four-hour show in Shenzhen which include appearances from Hollywood actress Scarlett Johansson, ex-England footballer David Beckham, retired NBA player Kobe Bryant, and live music from OneRepublic. Company founder Jack Ma even presented a magic trick on stage.

11.11. 2015

Sales last year  Alibaba’s Singles Day  was the world’s biggest day of sales

 

Spectre gettyimages 11.11. 2015

Alibaba’s Singles’ Day the world’s biggest day of shopping.11.11. 2015

Shoppers have spent $9.3 billion in the first 12 hours of Alibaba’s Singles’ Day, the one-day extravaganza in China that has become the world’s biggest day of shopping. It’s already the world’s biggest shopping day.

The Chinese e-commerce giant has already surpassed last year’s record of $9 billion for the Nov. 11 shopping day in half the time,  

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