Alibaba Singles Day sales skyrocket

IDG News Service | Nov 14, 2016

Chinese e-commerce giant, Alibaba, sold $17.79 billion worth of goods in just 24-hours during its Single's Day sale on November 11th.

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Chinese e-commerce company, Alibaba, has once again smashed sales records during its one-day online global shopping festival

The festival took place November, 11th, or “Singles Day” as represented by the numeric date of 11/11

It began in 2009 as a way to persuade millions of single Chinese to buy gifts for themselves

This year, Alibaba sold RMB 120.7 billion ($17.79 billion) worth of goods in just 24-hours, a 32% jump from last year

RMB 98.97 billion ($14.6 billion) of the goods sold were purchased on mobile devices alone!

Entertainment and commerce merged into one as consumers had a chance to make purchases from big name stores like Macy’s in a VR environment

Augmented reality also played a role as consumers used their smartphones to track down Tmall’s cat mascot into real-world retailers, like Starbucks, for special promotions

According to Alibaba, shoppers logged on from almost every country in the world, with thousands of international brands participating

Talk about shop till you drop!
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