10:55, 12-Nov-2017
Double 11 Shopping Frenzy: Alibaba smashes Singles' Day record, sales volume exceeds US$25 bln
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China's Double Eleven shopping day has concluded with a bang with Alibaba smashing its Singles' Day record. The e-commerce giant's Taobao and T-mall, which are China's largest online shopping platforms, recorded a sales volume exceeding a whopping 25 billion US dollars -- a huge spike compared to last year's 18 billion.
90 percent of customers, from 200 countries and regions worldwide, used mobile devices to carry out their purchases. Meanwhile, another online giant JD.com said its sales volume from November 1st to the 11th topped 19 billion dollars.