Alibaba arranges sales events invented by the company’s singles Day in 2009.
Major Chinese online retailer Alibaba has set Sunday, November 11, a new record for sales volume in your main shopping day of the year, dubbed singles Day.
For the first 85 seconds of the sale the company earned $1 billion, and by the end of the first hour of this holiday of a duration of a day, the company’s revenues reached nearly $10 billion.
Still a few hours before the end of the promotion, Alibaba broke its own record 2017, amounting to $25.3 billion
In total, customers have spent in this day of $30.8 billion, which is 27% higher than a year earlier. At the same time, this is the lowest annual increase in the history of sales this day.
Note that Alibaba holds holiday sales events invented by the company’s singles Day in 2009.
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