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Alibaba says Singles' Day sales hit 91.2 billion yuan in first hour

2019-11-10 1,190 Dailymotion

5억명 '광클릭'…알리바바 쇼핑축제 1시간에 16조원 돌파<br /><br />The world's largest shopping event ' Single's Day', brought to us by Chinese e-commerce giant Alibaba kicks off today.<br />And within the first 90 seconds of it going live, the company says it processed an astonishing one-point-four billion dollars worth of consumer orders.<br />Our Hong Yoo reports.<br />Millions of people waited for the clock to strike midnight to starting clicking their way through the limited amount of items on sale.<br />And just within the first hour, Chinese e-commerce giant Alibaba said it had racked up a staggering 13 billion U.S. dollars in sales on its tenth annual Single's Day event.<br />On Singles' Day, China's version of Cyber Monday and Black Friday, shoppers were eager to shop for items such as cosmetics, clothes, and furniture from 200-thousand different brands.<br />Alibaba says over 500 million users are expected to browse its shopping sites such as Tmall and Taobao over the 24 hour period.<br />Consumers also ordered goods worth some 8-point-16 billion dollars within 18 minutes beating Alibaba's entire day's sales in 2014.<br />Last year, Alibaba posted Single's Day sales totaling 30-point-8 billion dollars, almost four times the online sales made on Cyber Monday in the U.S.<br />The Chinese e-commerce giant started its Single's Day shopping event on November 11th, 2009.<br />Single's Day was started in the 1990s by Chinese college students as a celebration for people without romantic partners.<br />While China's economy has been slowing due to the impact of the U.S.-China trade dispute, Alibaba's Single's Day trading performance has drawn attention as a gauge of consumer vitality in the world's second biggest economy.<br />Hong Yoo, Arirang News. <br />

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