Retailing, Franchising, and Consumerism Business Intelligence in China

Alibaba's Chinese Websites Punch A Hole In The Sales Ceiling

Alibaba says it reached a new milestone in the amount of goods sold in a single day on its websites.

The company hit USD1 billion in gross merchandise volume at 12:17 A.M. this morning. About 48% of all transactions took place via smartphones and other mobile devices.

Alibaba Group is rolling out the sale worldwide this year. Globally, the company says the strongest overseas traffic was coming from Hong Kong, the U.S. and Taiwan.

Last year's 24-hour sale saw USD5.8 billion worth of goods transacted over Alibaba Group's and Taobao Marketplace platforms, making it the biggest shopping day in the world, topping the sales on Black Friday and Cyber Monday combined.

Previous 11.11 Shopping Festivals have been limited mostly to the mainland. But for the first time this year, AliExpress, Alibaba Group's English-language consumer shopping platform will be participating, offering 50% off on one million products to customers overseas.

Image Credit: Georgejmclittle

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