Singles' Day Sales (11.11) of China's biggest e-commerce company Alibaba will cross $ 18 billion in last year's record till midnight (November 11). If this happens then it will also become the world's largest shopping event. Alibaba said that the sales reached $ 16 billion by mid-morning on Saturday. This figure was so far because in just two minutes of the cell launch, shopping cells were more than one billion dollars and in 15 minutes this cell became 5 billion dollars (about 30 thousand crore rupees).
18x Large Sale from Amazon Prime Day
Singles' Day Cell is going to create its new record from the Alibaba Group on November 11 every year. Alibaba claims that the size of Singles' Day is 18 times higher than Amazon Prime Day and 2.5 times more than Black Friday and Cyber Monday's Joint Cell according to the sale.
Total GMV via Alipay
The company also claims that a total of $ 1 billion total GMV has been settled through Alipay in just two minutes, which is 91 percent of mobile GMV. With the help of Alpe, the mobile shopping settlement in 2016 was $ 14.6 billion, which is 82 percent of the total GMV.
What did the company say
Alibaba's co-founder and vice chairman, Joseph Tasai said that this is a big event for China's economy and China. He also said that Singles' Day shopping is a sport or an entertainment. Tasai said that China's disposable income is increasing. China's middle class consumer is more than 30 million, with the help of the company's online sales are increasingly growing.