It has emerged as the world's biggest shopping event and exceeds the combined sales for Black Friday and Cyber Monday in the U.S. It is a festival widespread among young mainland Chinese people to celebrate the fact they are proud of being single.
Audio will be available later today.
For scale, Singles Day was more than 25 times the size of Amazon's most recent Prime Day, where the company boasted more than $1 billion in sales.
On this day 11th November named as Singles' Day, Alibaba offers discounts on various set of products.
Other e-commerce companies also cut prices, but the event is closely associated with Alibaba. The sale event generated $8.6 billion in sales within its first hour. And about 90% of the purchases were done through mobile as the company reveals.
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The sales of JD.com, the country's second largest e-commerce giant, accounted for 21 percent, while global leader Amazon was fifth with less than two percent of the market. On Saturday, at midnight, an estimate of 168.3 billion yuan was registered on the live sales ticker used by Alibaba which was already 39% more from the 120.7 billion yuan that was made previous year. More than three-quarters of a billion people visited Alibaba platforms and had access to more than 60,000 worldwide brands and over a million individual retailers.
More recently, JD said it had lost roughly 100 merchants to competition during the promotion period for "Singles' Day", China's biggest online sales event which ended on Saturday.
What does it mean that "Singles Day shatters old record?"
"I have often emptied my "shopping cart" on Singles Day", Zheng said.
Hootsuite data shows internet penetration in Southeast Asia is just over half now, with 80 million new users coming on in 2016, at a growth rate of 30 percent. Boston Consulting Group forecasts online spending will rise by 20 per cent a year, hitting $1.6 trillion United States by 2020, compared with 6 per cent growth for off-line retail.
Last week during a visit to China by U.S. President Donald Trump, JD said it would buy $2 billion in U.S. goods, including $1.2 billion in beef, over the next three years. In total, almost 1.5 billion transactions were registered and about 800 million packages will arrive at the customers' doorstep in the next few days and weeks.
OnePlus 5T , the upcoming flagship smartphone from the Chinese manufacturer OnePlus , is going to launch next week . Keeping the smartphone ticking will be a 3,300mAh non-removable battery with support for Dash Chargeing.
An quake of magnitude 7.2 has hit the border region between Iran and Iraq, the US Geological Survey ( USGS ) says. State TV said at least six people were killed and many others injured in the town of Qasr-e Shirin.
The 21-year-old was named "Man of the Match", with his parent club taking to Twitter to congratulate him on his global outing. I have a good relationship with Eddie Newton [Chelsea's loan technical coach] and Eddie is helping me behind the scenes".
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While many people have no symptoms, it can cause serious pneumonia and prove risky to those with lung or immune system problems. This type of excessive lung infection is caused by inhaling the bacteria and not spread by person-to-person contact.
There will be local speakers, Harrison High School alumni veterans and music by the Harrison High/Middle School Band. The central theme of the program will be an opportunity to say "thank you" to those who have served.
Trump followed up his weird tweet by telling reporters that it would be a "good thing" for him and dictator to become friends. North Korea has conducted dozens of ballistic missile tests in defiance of United Nations sanctions.
In observance of the day, ShuttleBus-Zoom will offer free rides to veterans and active military with proper identification. The parade was followed by a brief ceremony in front of Mooresville town hall, lunch and a concert on the town hall lawn.
They'll join Nigeria, Egypt and Senegal as the continent's five representatives at next year's tournament in Russian Federation . DR Congo scored twice in stoppage time through Jonathan Bolingi and Neeskens Kebano to defeat Guinea 3-1 in Kinshasa.
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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.
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