Chinese shoppers shrugged off any concerns over a slowing economy and bought RMB80.7b worth of goods within the first 12 hours of Alibaba’s Double’s 11 online shopping festival, which kicked off an Friday.
Traditionally, Double 11 is a Singles’ Day or Guanggun Jie is an entertaining festival widespread among young Chinese people, to celebrate the fact that they are proud of being single. The date, November 11th (11/11), is chosen because the number “1” resembles an individual that is alone. This festival has gradually become one of the largest online shopping days in the world, with sales in Alibaba‘s sites Tmall and Taobao at US$5.8 billion in 2013, US$9.3 billion in 2014, and over US$14.3 billion in 2015.
2016, this day the sales volume up RMB 120.7 billion, to be honest, this number mean nothing to me, i don’t know and calculate this number means, i just feel, Wow, so much money, are we really have that money?
This year, it takes Tmall less than 7 minutes to reach RMB 10 billion in sales while it took 12 minutes and 28 seconds to reach the same level of sales in 2015.
At 24:00:00, the whole day Tmall GMV reached 120.7 billion yuan (US$17.79 bn) with an increase of 32% YoY, covering 235 countries; mobile accounted for 81.87%. The first order on Tmall Double 11 2016 was received after 13 minutes.
Alibaba’s Double 11 online shopping festival in 2016 saw RMB 98.97 billion ($14.6 billion) in GMV generated on mobile devices and 657 million delivery orders, compared with $9.8 billion and 467 million, respectively, in 2015. There were also 1.04 billion payment transactions processed compared with 710 million last year.
Obviously, China is become more and more bigger, not only we the the NO.1 in the population, but also we have more free money to buy anything we want to buy anywhere, but we only buy it have good quality, the quality is the best.
Editor Saoirse is one of them, my shampoo from Japan, my favorite clothes from France, and American, Italy, Korea and so on. We must know, we are not alone, the earth is a whole big family, every country have something they are good at it.
China is a big and strong manufacturing country, Chuangxinjia is a caompany with 17 years experience in RFID industry, it’s the leader in our country and industry. That’s all, i like to tell you something you want to know, and i want to know what we are good at.