Tuesday, November 11, 2014

Alibaba Singles Day Sales Exceed RMB 57.1 Billion (USD $9.3 billion); 42.6% From Mobile.

If any one was skeptical about Alibaba, this should take care of that. 11/11, the singles day in China, also the biggest eCommerce day, started and Alibaba clocked $1 Billion sales in just 17 minutes. The second billion came in after 1 hour and 12 seconds.
If you want to compare, Cyber Monday sales were $2.29 Billion last year.

The day concluded with exceeding $9.3 Billion sales and 42.6% of that accounting for mobile sales. Apple must be salivating with it's Apple Pay.

Alizila (twitter)


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