In 96 Seconds Alibaba Sells Record-Breaking $1.43 Billion USD Worth of Goods

Hitting $21 billion USD in sales in a matter of hours.

China’s official consumer holiday “Singles’ Day” has just hit a record-breaking high in terms of sales. Singles day (11/11), given the name due to the repeating number one — referring to being single, the day for shopping sees a wide variety of items heavily discounted from both online and offline retailers.

The biggest pulls on Single’s Day come from sales from Taobao, Tmall, and AliExpress, all owned by Alibaba. This year, Alibaba recorded a record sales of $1.43 billion USD in the first 96 seconds of its 11/11 event. The event went on to pull in $21 billion USD in just only 9 hours, where it is now headed towards breaking last year’s record of $30.8 billion USD in 24 hours.

For tax consultancy and financial consultancy contact at finperial@gmail.com

Source: Hypebeast

Advertisement

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.