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Alibaba says 11-11 sales hit $13 billion in first hour @ 2019-11-12T08: Back Hot News
Keyword:Singles Day Day sales
Concept:
CHINESE E-COMMERCE GIANT ALIBABA SET A SALES RECORD ON SINGLES DAY, THE WORLD'S LARGEST 24-HOUR SHOPPING EVENT. GROSS MERCHANDISE VALUE, A FIGURE THAT SHOWS SALES ACROSS ALIBABA'S SHOPPING PLATFORMS, SURPASSED LAST YEAR'S 213.5 BILLION YUAN RECORD (NEARLY $30.5 BILLION), AND KEPT RISING THROUGH THE REST OF THE DAY.
NO, IT』S NOT BLACK FRIDAY OR THE CLASSIC BOXING DAY, IT』S ACTUALLY SINGLES DAY, WHICH IS ESTIMATED TO HAVE BECOME ABOUT FOUR TIMES BIGGER THAN BLACK FRIDAY.
DUBAI: A CHINESE PHENOMENON THAT STARTED AS AN 『ANTI-VALENTINE』S DAY』 FOR SINGLES TO ENJOY SHOPPING, NOVEMBER 11 SALES HAS NOW BECOME A GLOBAL TREND. 11.11 IS NOW BEATING BLACK FRIDAY, BOXING DAY AND OTHER SPECIAL OCCASION SALES BY THE MILLIONS AROUND THE WORLD.
WHILE BLACK FRIDAY AND CYBER MONDAY REIGN SUPREME STATESIDE, THE REST OF THE WORLD HAS BEEN SETTING TIMERS TO SHOP SINGLES DAY SALES — YES, WHICH IS AN ACTUAL "HOLIDAY" THAT EXISTS. IT"S A SHOPPING HOLIDAY FOR SURE, LET"S NOT GET IT TWISTED — BUT STILL, A CELEBRATION IS A CELEBRATION.
SINGLES" DAY, WHICH STARTED IN THE "90S AT NANJING UNIVERSITY AS A SORT OF ANTI-VALENTINE"S DAY FOR SINGLES IN CHINA, IS RECOGNIZED AS A DAY TO TREAT YOURSELF. (NOVEMBER 11 WAS CHOSEN BECAUSE THE DATE IS WRITTEN AS FOUR ONES, OR SINGLES). DRAWING ON ITS POPULARITY, ALIBABA LAUNCHED THE ONLINE SHOPPING HOLIDAY IT DUBS THE 11.11 GLOBAL SHOPPING FESTIVAL IN 2009, GROWING FROM 27 BRANDS IN ITS INAUGURAL YEAR TO 200,000 IN 2019.
WHAT ACTUALLY IS ‘SINGLE’S DAY’, WE HEAR YOU ASK? WELL, IT ORIGINATED IN CHINA, AND WAS A DAY DESIGNED FOR SINGLES TO CELEBRATE THEIR SINGLE STATUS, HENCE ITS CHOSEN DATE ‘11.11’. NOW, IT’S BECOME ANOTHER HUGE SALE OPPORTUNITY FOR LOADS OF OUR FAVOURITE ONLINE STORES.
RETAILERS RAKED IN RECORD SINGLES" DAY SALES ON E-COMMERCE PLATFORMS YESTERDAY, SPURRED BY EARLY MORNING BUYS ON FLASH DEALS.
WHY IT MATTERS: SINGLES' DAY IS THE WORLD'S LARGEST ONLINE SALES EVENT. LAST YEAR, ALIBABA REPORTED $30 BILLION WORTH OF SINGLES' DAY SALES, DWARFING THE $7.9 BILLION OF ONLINE SALES FOR LAST YEAR'S CYBER MONDAY IN THE U.S.
GET EXCITED BARGAIN HUNTERS, BECAUSE SINGLES" DAY HAS OFFICIALLY BEGUN. WHILE THE EVENT HAS ONLY JUST STARTED GAINING TRACTION HERE IN AUSTRALIA, SINGLES" DAY IS ACTUALLY THE MOST PROFITABLE SHOPPING DAY IN THE WORLD, WHICH MEANS THAT THERE ARE PLENTY OF GREAT SAVINGS TO BE HAD. IN FACT, WE"LL SEES PRICES SLASHED ON EVERYTHING FROM MAKEUP TO TECH, SO YOU MIGHT WANT TO CLEAR YOUR MORNING SCHEDULE AND PULL UP A COMFY CHAIR.
WHAT EXACTLY IS SINGLES DAY, YOU ASK? WHAT USED TO BE AN OBSCURE HOLIDAY TO DEDICATED TO ALL THE SINGLE FOLKS OUT THERE (WITH THE CHOSEN DATE OF 11/11 BECAUSE OF ITS SINGLE DIGITS) HAS NOW TOTALLY BLOWN UP, AND SOME ARE EVEN CALLING IT THE EQUIVALENT OF CYBER MONDAY. SOME OF OUR FAVORITE RETAILERS ARE CELEBRATING SINGLES DAY THIS YEAR BY OFFERING DISCOUNTS AS STEEP AS 60%. SO REGARDLESS OF THE SHOPPING HOLIDAY'S ORIGIN OR YOUR OWN RELATIONSHIP STATUS, WE PUT TOGETHER OUR EDIT THE BEST SALES FROM ACROSS THE INTERNET. SCROLL DOWN TO SHOP 22 EPIC FINDS FROM NEED SUPPLY, THE OUTNET, URBAN OUTFITTERS, AND MORE.
THE ANNUAL CHINESE ONLINE SHOPPING BONANZA KNOWN AS SINGLES" DAY IS BREAKING SALES RECORDS, WHILE PILING UP PACKAGING WASTE. MEANWHILE PRESIDENT XI IS IN GREECE AS BEIJING CONTINUES ITS PUSH FOR MORE INVESTMENT THERE.
"KIWI CUSTOMERS HAVE LOOKED OVERSEAS AND THEY"VE SEEN THE GREAT BLACK FRIDAY DEALS THAT HAVE BEEN AVAILABLE... I THINK NEW ZEALAND RETAILERS HAVE COMPETED AND I THINK THE SAME CAN BE SAID FOR SINGLES" DAY," SAYS RETAIL NZ CEO GREG HARFORD.
ALIBABA SINGLES DAY IS THE WORLD"S LARGEST E-COMMERCE EVENT, FAR BIGGER THAN AMAZON PRIME DAY OR BLACK FRIDAY. JD.COM, PINDUODUO AND OTHER ALIBABA RIVALS ARE SPENDING MORE THAN EVER ON SINGLES DAY. STRONG OR WEAK SHOWINGS COULD MOVE ALIBABA STOCK, JD.COM STOCK, PDD STOCK AND MORE.
"THIS MARKET IS STILL AT A FAST-GROWING STAGE," ZHOU TOLD CNBC IN AN INTERVIEW BEFORE SINGLES DAY. "IF YOU LOOK AT ONLINE RETAIL (PORTION) OF THE OVERALL RETAIL SPACE, IT'S STILL A VERY, VERY SMALL PERCENTAGE. BUT, AT THE SAME TIME, IT'S GROWING MUCH FASTER COMPARED TO TRADITIONAL OFFLINE RETAIL."
STEP ASIDE VALENTINE"S DAY, SINGLES" DAY IS HERE AND YOU CAN ACTUALLY SAVE SOME BIG, BIG BUCKS! THANKS TO THE UNOFFICIAL CHINESE HOLIDAY 「SINGLES" DAY,」 WALMART CANADA IS OFFERING DISCOUNTS ON HUNDREDS OF THEIR BIGGEST PRODUCTS, AND IT』S ALL IN THE NAME OF ENJOYING BEING SINGLE. WALMART CANADA"S SINGLES" DAY SALE HAS SOME PRETTY HUGE SAVINGS, AND HERE"S WHAT YOU NEED TO KNOW.
HUGE CHINESE SHOPPING MADNESS SINGLES DAY IS RAKING MORE AND MORE MONEY EVERY YEAR AND THE BILLIONS OF DOLLARS ARE JUST THROWN AROUND. THE POPULARITY OF THIS SHOPPING HOLIDAY DAY ALREADY TRANSCENDED THE CHINESE BORDERS SO MORE OR LESS THE WHOLE WORLD IS NOW TRYING TO SNATCH SOME GREAT DEALS AND GET NEW GADGETS. MOST OF THE E-SHOPS ARE ALSO HAVING THESE DEALS ON FOR A LONGER PERIOD OF TIME THAN JUST THE VERY 11.11 DAY SO TODAY WE HAVE FOR YOU A LOOK INSIDE GEEKBUYING SO YOU CAN CHECK OUT THE DEALS AND PROMOS THEY HAVE FOR THIS OPPORTUNITY.

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