Alibaba Sets Record High of $25.3 Billion in Singles' Day in Sales

Throughout the 24 hours celebration, 1.48 billion payment orders were fulfilled, in which resulting in a 41% Year on Year increase.


BEAM Team

14 Nov, 2017

Alibaba Sets Record High of $25.3 Billion in Singles' Day in Sales | BEAMSTART News

- From our Sponsors -

For this year's Singles' Day event, Alibaba's overall GMV surpassed RMB 168.2 billion (in excess of $25.3 billion), and a massive 812 million shipment purchases were placed, with 90% of the purchases placed on mobile. Throughout the 24 hours celebration, 1.48 billion payment orders were fulfilled, in which resulting in a 41% Year on Year increase.

Daniel Zhang, CEO of Alibaba Group, stated that on Single's Day , 167 merchants exceeded RMB 100 million in revenues, 17 merchants exceeded RMB 500 million in revenues, and 6 merchants surpassed RMB 1 billion in revenues.

Related: Join Entrepreneurs and Investors at Entrepreneurs Retreat 2018  

This year's Single's Day exceeded records not only in numbers, as it also hit Alibaba's objective, globalization. This year's occasion proved how Alibaba's e-commerce celebration is slowly uniting China and also the rest of the world. Alibaba revealed that buyers from 225 countries participated in the celebration .

Here are a few of the key takeaways:

  • The 5 major countries selling products to China were Japan, United States, Australia, Germany, and South Korea.
  • The 5 major imported brand names purchased by Chinese customers were Swisse, Aptamil (爱他美), Kao/ Merries (花王 / 妙而舒), Moony and Bio Island.
  • The 5 major countries purchased from China were Russia, Hong Kong, United States, Taiwan and Australia.
  • The 5 major export item classifications from China were cellphones, wool coats, knitted sweatshirts, gowns, and sweatshirts.

Alibaba's financing arm, Ant Financial revealed that Alipay fulfilled around 256,000 transactions per second inside the initial 10 minutes of Single's Day. The firm likewise stated that an overall of 1.48 billion transactions were handled by Alipay.

Related: 3 Myths of Starting a Crowdfunding Campaign  

- From our Sponsors -

Latest Jobs

Founding Product Manager

Method Financial

Texas,

Full Time

Salary Undisclosed

Senior AI Scientist

Cairns Health

California,

Full Time

USD 170000 — USD 175000 yearly

Enterprise Account Executive

SnapMagic

California,

Full Time

USD 200000 — USD 300000 yearly

Senior AI/ML Engineer

Landeed

Telangana,

Full Time

USD 2500000 — USD 4500000 yearly

Frontend Software Engineer

Cogram

Berlin,

Full Time

USD 60000 — USD 90000 yearly

Senior Software Engineer

Greptile

California,

Full Time

USD 150000 — USD 250000 yearly

Senior Full Stack Engineer (Remote - EST Timezone)

Nango

Full Time

USD 120000 — USD 200000 yearly

Founding Engineer

Newton

California,

Full Time

USD 110000 — USD 180000 yearly

Software Development Engineer in Test

MedMe Health

Full Time

USD 12000 — USD 60000 yearly

Product Lead, Platform, Reporting & Analytics

Rippling

California,

Full Time

USD 159000 — USD 278250 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2025 BEAMSTART. All Rights Reserved (Legal).