Alibaba's Singles Day sales hit $5B in first 15 minutes

Hit Singles

Hit Singles

In recent years, Singles Day has garnered more revenue than both Black Friday and Cyber Monday combined as Alibaba is the largest e-commerce retailer in the Eastern hemisphere.

More than 140,000 brands will participate in 11.11 in 2017, offering 15 million products The Double 11 shopping event will have more than 60,000 global brands that will offer popular items from authentic autographed sports memorabilia to fresh foods and produce to half a billion Chinese consumers. Ahead of the biggest single-day online shopping event, topping Black Friday, by a long shot is a star-studded gala.

This festival has become the largest online shopping day in the world, with Alibaba's sales at US$ 5.8 billion in 2013, US$ 9.3 billion in 2014, US$ 14.3 billion in 2015 and over US$ 17.8 billion past year.

The e-commerce giant said that the first delivery was made in 12 minutes after midnight.

Reliance Jio new offer: Cashback, vouchers worth Rs2,599 on Rs399 recharge
Those opting for recharge of Rs 399 and above will be eligible for the offer, channel partners of the company said on Thursday. Those vouchers will be credited instantly, and customers can redeem them from November 15, 2017.

It's a response to Valentine's day and is on 11/1 - the ones all symbolize single people.

This year? $20 billion?

Legend has it Singles Day began in the early 1990s in the dorm rooms of Nanjing University, one of China's oldest and most prestigious universities, when a group of single friends bemoaned the lack of significant others and chose to mark the day by organizing activities as a group of singles and soothing their loneliness by buying themselves a gift.

Nicole Kidman and Pharrell Williams were among the stars who helped get the eighth Singles' Day off to a glittering start. In the first hour of Singles Day previous year, about 175,000 hours per second came in. Last year, Alibaba shipped more than 1 billion packages and is on track to well outpace that this year. A Chinese white liquor maker wants to lift lonely spirits by offering a lifetime supply of booze for less than $1,700. The purchase agreement the company is circulating online says that within five years of purchase you can transfer the supply to a family member in the event of the original purchaser's death.

Recommended News

  • Hazleton Area Students Honor Veterans With a Breakfast

    Hazleton Area Students Honor Veterans With a Breakfast

    All veterans of USA military are invited to enjoy a free lunch from 11 a.m.to 2 p.m.at Texas Roadhouse locations at 204 N. There will be local speakers, Harrison High School alumni veterans and music by the Harrison High/Middle School Band.
    Harry Potter films all coming to HBO TV and streaming in 2018

    Harry Potter films all coming to HBO TV and streaming in 2018

    Details on the game are pretty scarce, so it's not clear what the game will involve or what its mechanics will be. Pokemon Go has been an enormous hit for Niantic Labs.
    Khulna-Kolkata railway service launched

    Khulna-Kolkata railway service launched

    Modi ended his speech on a note of thanks to Prime Minister Sheikh Hasina and West Bengal Chief Minister Mamata Banerjee . The Bandhan Express will start ferrying passengers from November 16 onwards.
  • Astros' Altuve, Springer win Silver Slugger Awards

    Astros' Altuve, Springer win Silver Slugger Awards

    The award is the second of Cruz's career after he was selected as one of the American League's top offensive outfielders in 2015. He led the American League in RBI and ranked fourth in home runs, fifth in slugging (.549) and fifth in OPS (.924).
    Tax officials raid on properties linked to Sasikala's kin

    Tax officials raid on properties linked to Sasikala's kin

    The Income Tax department also raided AIADMK Karnataka in-charge, Pugazhendi's house in Bengaluru's Domlur area. Jaya TV , which is considered as the mouthpiece of AIADMK , was founded by former chief minister Jayalalithaa.
    Ex-Husker Alex Gordon wins his fifth Gold Glove

    Ex-Husker Alex Gordon wins his fifth Gold Glove

    Goldschmidt, 30, captured his third Gold Glove distinction to cap a stellar season that puts him firmly in the MVP conversation. But as Tuesday's revealing of the Gold Glove winners proved, the Lincoln Southeast graduate can still work the glove.
  • Russian Federation  targets U.S.  media in row over RT registration

    Russian Federation targets U.S. media in row over RT registration

    A Justice Department spokesman declined to comment to The Post on Thursday. The restrictions were criticized by the USA and the European Union.
    Transfer Games to Xbox One X Over Your Home Network — Tip

    Transfer Games to Xbox One X Over Your Home Network — Tip

    You might also need to swap the HDMI cable if yours is particularly old. "We've gone through ups and downs in the investment". Our guess is that the black screen errors on the Xbox One X are triggered by software-related bugs or incompatibility issues.
    OnePlus 5T to skip wireless charging, CEO Pete Lau confirms

    OnePlus 5T to skip wireless charging, CEO Pete Lau confirms

    Hence, the Shenzhen based Chinese smartphone manufacturer has made it crystal clear that it will stick with Dash charge . The date has been officially announced and this flagship device from OnePlus is declared to go on sale on November 21 .
  • Poll Shows Alabama Race Tied After Allegations Against Roy Moore

    Poll Shows Alabama Race Tied After Allegations Against Roy Moore

    Roy Moore has been through two campaigns for governor and two for chief justice. "That's what I mean when I say opposition party". Several senior Republicans called on Moore to quit the race after The Washington Post reported allegations of sexual misconduct.
    Melania Trump reflects on Asia trip and the past year

    Melania Trump reflects on Asia trip and the past year

    During the visit she was treated to a Chinese folk song, courtesy of the young students, and also signed a panda print. Mrs Trump, 47, visited the Beijing Zoo as part of a state visit with her husband, President Donald Trump.
    To the brain, sleep deprivation is 'like drinking too much'

    To the brain, sleep deprivation is 'like drinking too much'

    They were then tasked with categorising a selection of images as fast as possible while implants recorded their brain activity. As part of the procedure, doctors placed wires connected to the brain to find out where a patient's seizures started.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.