Alibaba Single Day sales hit $10 billion in Less than 30 minutes
E-commerce giant Alibaba's Singles' Day sales hit USD 10 billion in less than 30 minutes of the event going live.
The Alibaba Group's various shopping platforms' total gross merchandise value (GMV) exceeded USD 10 billion in only 29 minutes and 45 seconds, while it took just 1 minute and 8 seconds to achieve a total GMV of USD 1 billion, after the Chinese e-commerce behemoth kicked off it's 11.11 Global Shopping Festival.
Within the first two hours, the total GMV exceeded 120.7 billion renminbi (USD 17.24 billion), surpassing the total GMV of 2016 11.11.
Some of the top countries selling to China by GMV included Japan, United States, South Korea, Australia, Germany, United Kingdom and France.
According to Alibaba, the number of orders created at the peak of the 2019 11.11 Glob...