Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

China's Singles' Day sales hit 10 bln yuan in 96 seconds

November 11, 2019


Abstract : China's Singles' Day sales on Alibaba's e-commerce platform TMall hit 10 billion yuan (about 1.43 billion U.S. dollars) at just one minute and 36 seconds after midnight on Monday.

HANGZHOU, Nov. 11 (Xinhua) -- China's Singles' Day sales on Alibaba's e-commerce platform TMall hit 10 billion yuan (about 1.43 billion U.S. dollars) at just one minute and 36 seconds after midnight on Monday.

At one hour, 26 minutes and seven seconds after midnight, sales on TMall hit 120.7 billion yuan, surpassing the whole first day of sales on Singles' Day in 2016.

Both figures set a new record for the Single's Day shopping festival on TMall, which was first designed by Tmall on Nov. 11, 2009, and has become one of the largest online shopping sprees worldwide.

At the peak, 544,000 orders were created in a second on TMall, setting a new record for peak online traffic in the world, according to Alibaba.

Alibaba Cloud, the cloud service provider under Alibaba Group, has launched a self-developed liquid-cooling technology for the processors in its data center ahead of the shopping spree on Monday.

The new tech involves a special liquid coolant function that is similar to soaking Alibaba's numerous processors in cool water. It is part of Alibaba's efforts to promote a more environmentally friendly annual online sales promotion, according to the company.

More than 22,000 overseas brands from 200 countries and regions have participated in this year's shopping spree in China, according to Alibaba.

Sales of Tmall's first shopping festival totaled about 52 million yuan. Alibaba's Single's Day sales reached 213.5 billion yuan last year.

Scan the QR code and push it to your mobile phone

Keyword: Alibaba Tmall e-commerce giant

Reading:

Haier brands

E China's Shaoxing city promotes Huangjiu brands and local culture via various events

First inbound intermodal freight train arrives in E.China's Xiamen

25th Shaoxing Huangjiu Festival accelerates internationalization of Chinese Huangjiu

Oyster industry injects momentum to East China's Rushan city development

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial