Search

Alibaba made the record of earning 9.3 billion US dollars on a single day

China’s online retail giant, Alibaba made the record of earning 9.3 billion US dollars in sales on a single day.

Nov 12, 2014 18:22 IST
facebook IconTwitter IconWhatsapp Icon

China’s online retail giant, Alibaba on 11 November 2014 made the record of earning 9.3 billion US dollars in sales on a single day. Alibaba achieved the staggering figure on Singles Day shopping event which celebrates the bachelorhood of Young single Chinese.

On this day, Alibaba shipped 278 million orders out of which 43 percent were mobile devices.

In 2013, Alibaba had recorded sales of 5.75 billion US dollars and shipped 150 million orders on Singles' Day that is the world's biggest online retail sales day.

Singles' Day called anti-valentine’s Day emerged in China two decades ago as a time for bachelors and bachelorettes to celebrate the single life.  

Alibaba turned Singles’ Day into the biggest 24-hour cyber spending target in the world by offering deep discounts on everything from cars to clothes on that day.

 

Download our Current Affairs & GK app For exam preparation

डाउनलोड करें करेंट अफेयर्स ऐप एग्जाम की तैयारी के लिए

AndroidIOS