China Facts: Alibaba increased sales by 39 percent on Singles Day 11.11.2017

Alibaba Group has raked in US$25.3 billion in gross merchandise volume from its annual online shipping festival, breaking last year's record sales by 39 percent. Held on November 11th, its singles Day shopping bonanza included 60,000 international brands six of which surpassed 1 billion yuan in sales [Bestseller being one....]. At its peak, alibaba processed 256,000 transactions per second. *)   

 

 

 

*) SubChina 31.12.2017

 

 

 

 

 

 

 

 

 

 

 

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Hans Henrik Pontoppidan
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