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Alibaba smashes its Single’s Day record once again as sales cross $25 billion

  • In Alibaba’s case, that predominantly means its Taobao marketplace and Tmall brand store although it does offer sales via its international services and it ships worldwide.
  • That represents an impressive 39 percent increase on last year’s sales total of RMB 120.7 billion ($17.79 billion), and it comes nicely on the heels of another blockbuster quarter in which Alibaba’s revenue surged by 61 percent thanks to its core business in China.
  • Related: Rival JD.com revealed its 11/11 GMV for the first time after processing 127.1 billion RMB ($19.14 year’s numbers also signal a return to growth for Single’s Day (11/11) sales, an important area that investors will look at and Alibaba needs to show progress on.
  • This year, Alibaba said 90 percent of sales were made on mobile which is up on 82 percent for 2016 and 69 percent in 2015.
  • Among the many stats released by Alibaba, the following stand out: – – – Order total numbers hit 812 million, up 23 percent – Alibaba Cloud, which handled the infrastructure, managed 325,000 orders at peak – Alipay processed 1.5 billion payment transactions, up 41 percent – Over 140,000 brands — including…

Alibaba has set another Single’s Day record after the e-commerce giant sold over $25 billion of product on the Chinese biggest online shopping date. The..

Alibaba has set another Single’s Day record after the e-commerce giant sold over $25 billion of product on the Chinese biggest online shopping date.

The full number comes in at 163.8 billion RMB, that’s roughly $25.3 billion, in GMV — that’s “gross merchandise volume” which is used to measure a dollar value for all sales on a platform. In Alibaba’s case, that predominantly means its Taobao marketplace and Tmall brand store although it does offer sales via its international services and it ships worldwide. All told, Alibaba handled 1.48 Billion transactions during the 24-hour period.

That represents an impressive 39 percent increase on last year’s sales total of RMB 120.7 billion ($17.79 billion), and it comes nicely on the heels of another blockbuster quarter in which Alibaba’s revenue surged by 61 percent thanks to its core business in China.

For comparison, Alibaba’s Single’s Day haul puts America’s largest shopping days in the corner. Retailers pulled in a record $3 billion on Black Friday and then $3.45 billion on Cyber Monday, both of which were records.

Related: Rival JD.com revealed its 11/11 GMV for the first time after processing 127.1 billion RMB ($19.14 billion)

#Double11 2017: As of 24:00, total GMV has exceeded RMB168.2 billion – more than USD25.3 billion. Mobile GMV: 90%. pic.twitter.com/Kfm3dhNNdw

— Alibaba Group (@AlibabaGroup) November 11, 2017

The year’s numbers also signal a return to growth for Single’s Day (11/11) sales, an important…

Alibaba smashes its Single’s Day record once again as sales cross $25 billion