The e-commerce giant will show no signs of taking their foot of the pedal this year, courting more than 140,000 brands and 1 million merchants for this year's festival.
Adding in Amazon Prime Day sales in 2016, estimated to be around $525 million in 2016 (and between $1 billion to $2.2 billion this year), the total spent during these US shopping days total over $9.2 billion.
39% Growth really is staggering, global ecommerce grew 24.6% in 2016 so Alibaba's Singles' Day sales are far outpacing any metric you care to name. "On Singles' Day, shopping is a sport, it's entertainment".
Even when putting together all the biggest US shopping holidays, Black Friday, Thanksgiving, Cyber Monday, and Amazon's Prime Day-sales from Chinese e-commerce giant Alibaba's Singles' Day still come on top, according to data compiled by Fung Global Retail & Tech.
The percentage of GMV generated by mobile users was 90% - a clear sign that Alibaba has realized the goal it set several years ago to migrate consumers to the platform they hold in their hand.
JC Penney Comp Store Growth Higher Than Expected
At the close of regular trading, its last week's stock price volatility was 17.79% which for the month reaches 36.3%. The company had revenue of $2.96 billion during the quarter, compared to analysts' expectations of $2.84 billion.
Alibaba rivals such as JD.com also reported brisk business.
Singles's Day far out ranks the entire Black Friday Weekend in terms of sales, past year Single's Day sales were triple the combined total from Thanksgiving, Black Friday and Cyber Monday.
Alibaba said that five minutes after midnight Alipay was processing 2,56,000 payment transactions per second, doubling last year's high-water mark. As with the gradual extension of Black Friday shopping into Thanksgiving Day, Singles' Day has grown to be more than just a one-day event.
Alibaba and JD stock have both doubled this year as revenues surged. Credit China Network/Reuters Photo Singles Day will test Alibaba's logistics network.
"China wants to evolve from an export and investment driven economy to a consumption driven economy", said Joseph C.Tsai, Executive Vice Chairman of the Alibaba Group. The first purchase during Singles Day this year was delivered less than 13 minutes after midnight.
With Hulu now officially available on the Switch, Nintendo appears to be ready to start offering video streaming services. After months of waiting, US-based Nintendo Switch owners can finally download the Hulu streaming app on the device.
Lmm Llc decreased its stake in American Airls Group Inc (AAL) by 2.61% based on its latest 2017Q2 regulatory filing with the SEC. The computer hardware maker reported $0.94 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.37.
Twitter says it verifies accounts of "public interests", which typically includes journalists, public figures and celebrities. Verifications have been "paused" until the company can resolve the "confusion".
It is unclear how Flynn, as national security adviser, could have successfully carried out either alleged request. That company turned out to be a one-man shell company owned by Ekim Alptekin, the chairman of the Turkish-U.S.
The actor tells the publication that he plans on filing not only a lawsuit but a criminal charge, for an undecided amount. At that time, he concluded by saying, "I understand and empathise with those who have remained silent".
Humans and monkeys can now extend a warm welcome to sheep for joining us in being able to recognize human faces from photographs. The sheep were having two options in each step as a photo of celebrity face or another is of something else.
Android Police adds that some Nexus 6P users who upgraded to Android 8.0 Oreo recently are reporting similar screen flashing. Google also calibrated color modes display Pixel 2 and Pixel 2 XL , bringing the color a little more natural.
The former athlete, who claims to be "angry", wants to "just bring change" so that young gymnasts "never have to live this again". When I see these young girls that come up to me and they ask for pictures or autographs, whatever it is, I just ...
The study says, consuming even moderate amount of alcohol or alcoholic beverages may lead to high the risk of certain cancers. However, a recent ASCO survey found that 7 out of 10 Americans are unaware of a link between alcohol and cancer.
However, this opinion has proved unpopular, as file managers are some of the most downloaded apps by category on the Play Store. Files Go aims to be a one-stop shop for Android users to manage their files on board without using third party apps.
Users must first apply their credit or debit cards to Apple's Wallet app before proceeding with the Apple Pay Cash . Apple Pay Cash has arrived as part of the iOS 11 .2 beta, and early reviews suggest it's really easy to use.
Jenny Wong, a passenger on the shuttle at the time of the crash, told local news station KSNV: "The shuttle just stayed still". Before you think this proves that self-driving cars have no place in this world, the shuttle wasn't at fault for the accident.
Astros' Altuve, Springer win Silver Slugger Awards
The Silver Slugger is awarded to the best offensive player at each position, in each league, as voted by managers and coaches. Bob Forsch (1980, 1987) and Jason Marquis (2005) are the only previous Cardinals pitchers to win a Silver Slugger Award.
Taylor Swift Got A Whole Ass Song Dissing Kanye West
After an explosive chorus, "This Is Why We Don't Have Nice Things " calls out Swift's brief reconciliation with West. In verse two, she makes it clear that " This Is Why We Can't Have Nice Things " is about burning bridges.
Suns deal Bledsoe to Bucks for Monroe, 2 picks
The Suns will take on the final year Greg Monroe's $17.9 million contract, while picking up a future first-round pick. Bledsoe spent the past five seasons in Phoenix after his first three years with the Clippers.
Oneplus 5T launch event scheduled for November 16th
The OnePlus 5T is expected to feature a new 6-inch QHD display crammed into the same housing as the OnePlus 5's 5.5-inch screen. TechRadar has seen confidential documentation that shows the price of the OnePlus 5T is set to stay the same in the UK.