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Showing posts with label singles day.valuation eCommerce. Show all posts
Showing posts with label singles day.valuation eCommerce. Show all posts

November 12, 2015

alibaba singles day ecommerce revenue hits $9.3billion in just 12 hours, and $1billion in 8 minutes


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Alibaba's singles day online sales zooms $9.3billion in 12 hours
 Singles Day Online Shopping in China rewrote history as its  biggest eCommerce retailer  Alibaba  recorded mind boggling $9.3 billion of online sales  in first 12 hours and ended  singles day  with eCommerce   revenues worth $14.3 billion for a day . Singles day in China is celebrated every year on November 11th

The 2015 Singles day   led Alibaba to their best ever single day revenue where as the event started in midnight and  the site soon touched $1billion of online sales  in just 8 minutes  and in 30 mins it touched $3.9billion . In 2013 it had taken Alibaba  50 mins to reach a 1billion USD revenue.

Alibaba's online sales in just an hour  on 2015 singles day  is almost double the $2 billion spent in the same time period last year in 2014 . It's also double the total sales of the 2014 Cyber Monday in the U.S. during the entire day.It dwarfs everything from some multinational companies’ annual revenues to the GDP of some smaller countries:


"Alibaba ecommerce revenuesvs other companies revenues"

Comparison of Alibaba Singles day sales vs other multinational companies financial metrics