AFP, Shanghai :
Chinese e-commerce giant Alibaba said consumers spent a record $9.3 billion during its 24-hour shopping promotion Singles Day yesterday, cementing its position as the world’s biggest online retail event.
Shoppers spent $3.5 billion, or 60 percent, more than the $5.8 billion sales recorded for the same day last year, the group said in a statement Wednesday.
It also dwarfed the major shopping days in the US in terms of transaction value, toppling the combined online sales of $5.3 billion recorded on Thanksgiving Day and Black Friday through to Cyber Monday last year, according to data compiled by Internet analytics firm comScore.
Alibaba has been pushing November 11 as Singles Day-so named for the number of ones in the date-since 2009 as it looks to tap an expanding army of Internet shoppers in China, which has the world’s biggest online population.
The day was originally marketed as an “anti-Valentine’s Day” in China, featuring hefty discounts to lure the country’s singletons and price-sensitive buyers.
It was expanded globally this year to include more than 27,000 overseas brands and merchants as well as customers from more than 217 countries and regions.
Deals settled on Alibaba’s China and international retail market places reached 57.1 billion yuan ($9.3 billion) for the day, the group said in the release.
Chinese e-commerce giant Alibaba said consumers spent a record $9.3 billion during its 24-hour shopping promotion Singles Day yesterday, cementing its position as the world’s biggest online retail event.
Shoppers spent $3.5 billion, or 60 percent, more than the $5.8 billion sales recorded for the same day last year, the group said in a statement Wednesday.
It also dwarfed the major shopping days in the US in terms of transaction value, toppling the combined online sales of $5.3 billion recorded on Thanksgiving Day and Black Friday through to Cyber Monday last year, according to data compiled by Internet analytics firm comScore.
Alibaba has been pushing November 11 as Singles Day-so named for the number of ones in the date-since 2009 as it looks to tap an expanding army of Internet shoppers in China, which has the world’s biggest online population.
The day was originally marketed as an “anti-Valentine’s Day” in China, featuring hefty discounts to lure the country’s singletons and price-sensitive buyers.
It was expanded globally this year to include more than 27,000 overseas brands and merchants as well as customers from more than 217 countries and regions.
Deals settled on Alibaba’s China and international retail market places reached 57.1 billion yuan ($9.3 billion) for the day, the group said in the release.
