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Alibaba sales break Singles’ Day record in China


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Alibaba sales break Singles’ Day record in China

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BEIJING: -- China’s e-commerce market leader Alibaba says online sales during Singles’ Day have exceeded last year’s total of $9.3 billion (8.6 billion euros).

It’s thought the company, which six years ago turned November 11 into China’s equivalent of the American shopping event Cyper Monday, could see this year’s sales rise by almost 50 percent.

The country’s second largest e-commerce firm JD.com also said it broke last year’s full-day total just before noon.

Singles’ Day began as a mock celebration for people not in relationships. It features steep discounts and other promotions, and is being closely watched as a gauge of Chinese consumption – and the slowdown.

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-- (c) Copyright Euronews 2015-11-12

Posted

In as much as Alibaba also had his 40 thieves and add in Thai Customs, I have been leery of ordering from online Chinese sources. Anyone had any experience ordering and receiving goods from this scourge?

Posted

Never had the experience and never will. I avoid all Chinese products due to lack of quality and the fact they are attempting hegemony over the rest of the World,

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