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Alibaba passes $1 billion in sales in first 3 minutes of Singles Day

The Next Web Friday, 10 November 2017 ()
Alibaba passes $1 billion in sales in first 3 minutes of Singles DayAlibaba is cleaning house during China’s Singles Day festival, the biggest day in online shopping all year. #Double11: Total GMV has hit US $1 billion in 2:01 minutes. pic.twitter.com/u4krOnJnfQ — Alibaba Group (@AlibabaGroup) November 10, 2017 In two minutes of sales time, Alibaba’s gross merchandise volume totaled $1 billion. By the forty-minute mark, the site’s sales had surpassed $7.5 billion. Other sources confirm that 97 percent of sales made on the site in the first 30 seconds were from mobile devices. Less than 15 minutes into Alibaba's Singles day GMV has hit US$5 billion. The company says within first 30…

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News video: Single's Day Beats Out Black Friday and Cyber Monday Combined

Single's Day Beats Out Black Friday and Cyber Monday Combined 00:43

What is the world’s single largest day of shopping rakes in more money than Black Friday and Cyber Monday combined, and of course, takes place in the world’s most populous country — China? It is Single’s Day! As the name suggests, the unofficial money crazed holiday celebrates folks who are...

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