Date
18 October 2017

Alibaba’s Singles Day sales hit record 35 bln yuan, report says

Singles Day sales at Alibaba Group Holding Ltd.’s online malls on Monday were nearly double last year’s full-day record of 19.1 billion yuan (US$3.13 billion), reaching 35.02 billion yuan after the annual promotion closed at midnight, the official Xinhua news agency reported Tuesday, citing data from the company. About 20,000 sellers participated in the promotion, double the number last year. Meanwhile, a senior executive at online retailer JD.com said Singles Day orders as of noon Monday were triple the average volume on any ordinary day, and could surpass five million at the end of the day, the report said.

– Contact HKEJ digest@ejinsight.com

TL/AC/CG

 

 

 

EJI Weekly Newsletter

Please click here to unsubscribe