Alibaba’s one day 11.11 brought In $25 Billion in China

Alibaba Group Holding Limited announced that U.S. $25.3 billion (RMB168.2 billion) in gross merchandise volume (GMV) sales was settled through Alipay on November 11, 2017, an increase of 39 percent compared to 2016.

“More than US$25 billion of GMV in one day is not just a sales figure,” said Daniel Zhang, chief executive officer of Alibaba Group. “It represents the aspiration for quality consumption of the Chinese consumer, and it reflects how merchants and consumers alike have now fully embraced the integration of online and offline retail.”

The Alibaba Economy at Scale

  • Total GMV settled through Alipay was RMB168.2 billion (US$25.3 billion), an increase of 39% compared to 2016
  • Total mobile GMV settled through Alipay was approximately 90% of total GMV, compared to 82% last year
  • More than 140,000 participating brands and merchants
  • Alipay processed 1.48 billion total payment transactions, up 41% from 2016, and processed 256,000 transactions per second at peak
  • Alibaba Cloud processed 325,000 orders per second at peak
  • Cainiao Network processed 812 million total delivery orders
  • The first delivery arrived 12 minutes and 18 seconds after midnight

 Globalization: Power of the Chinese Consumer

  • 60,000 international brands and merchants available to Chinese consumers
  • 225 countries and regions with completed transactions
  • 167 merchants each generated more than RMB100 million (US$15.1 million) in sales, 17 merchants surpassed
  • RMB500 million (US$75.4 million) in sales, and 6 merchants surpassed RMB1 billion (US$150.9 million) in sales
  • Top countries selling to China include: Japan, United States, Australia, Germany, South Korea

Check out the infogram

Read the prior release See Now Buy Now’ Kicks Off 11.11 Global Shopping Festival