The country's biggest e-commerce company topped last year's record in 16 1/2 hours. The event regularly racks up bigger sales than Black Friday and Cyber Monday combined.During Singles Day pre-sales, which kicked off three weeks ago, Estée Lauder raked in a record 1 billion yuan in pre-orders, Alibaba said on Sunday. Alibaba users also pre-ordered 100 million yuan worth of Apple iPhone 11s, the company said.
"We continue to feel very confident about the growth potential of the economy," Alibaba chief marketing officer Chris Tung told CNN in an interview."We are pushing deeper towards the less developed areas of China, to reach more new online shoppers, so there's a huge untapped opportunity there."Singles Day is an informal, anti-Valentine's Day holiday in China celebrating people who aren't in relationships.
Amazing
In fact, to be more accurate, it is the festival of women's carnival.
This is the biggest platform ever
That's nice. But China doesn't convinced the ocidental side yet.. maybe a election for change a little bit. CommunismKills SocialismKills GlobalismKills
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Alibaba says Singles' Day sales hit 91.2 billion yuan in first hourChinese e-commerce giant Alibaba Group Holding Inc said on Monday that sales for... Do you even believe their number? $13 BILLION in sales within the first hour, come on, that can't be real
Source: Reuters - 🏆 2. / 97 Read more »
Alibaba Singles' Day sales hit 84 billion yuan in first hourChinese e-commerce giant Alibaba Group Holding Inc said on Monday that sales for... Geez Louise it is true. I am Chinese. We also have two other online sales companies. Jingdong and pinduoduo. All you see is only a small part.
Source: Reuters - 🏆 2. / 97 Read more »
Alibaba Singles' Day sales hit $23 billion in first nine hoursChinese e-commerce giant Alibaba's annual Singles' Day sales hit $23 billion in first nine hours by horwitzjosh horwitzjosh But the reality of China is in scenes like below! Pathetic country run by Communist goons! horwitzjosh Just a piece of the pie would be nice for us online HairExtensions stores! Wow! horwitzjosh where is my order No Information International Commercial web Site AliExpress There is no answer and no information AliExpress_EN Customer Service Center does not have a direct connection I'm afraid my order is lost cnnbrk nytimesworld
Source: Reuters - 🏆 2. / 97 Read more »
Alibaba Singles’ Day sales hit $23B in first nine hoursE-commerce giant Alibaba filled billions of dollars in orders during China's annual Singles' Day shopping frenzy, the world's biggest 24-hour shopping event. 😳😳😳😳😳
Source: trtworld - 🏆 101. / 63 Read more »
Alibaba logistics deal is hard Singles’ Day sellThe web giant’s online shopping fest kicked off to fanfare on Monday, overshadowing news that Alibaba will invest $3 bln in a subsidiary it already controls. Neither financial details nor strategic rationale were given. Shareholders, unlike shoppers, can’t see this price tag.
Source: Breakingviews - 🏆 470. / 51 Read more »