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Alibaba sets in the first hour of 13 billion

The Chinese Amazon-rival Alibaba has made to the Start of the world's largest Online bargain-Events set a new sales record. In the first hour of the "Single's Day" are the equivalent of been $ 13 billion (of 91.2 billion Yuan) redeemed.

The total was 22 percent higher than a year earlier, the company said on Sunday. More than 200'000 brands would participate in the Event and the number of Online customers will be around 500 million, probably around 100 million higher than the prior-year period.

competition

in 2018, was implemented in Alibaba at the time of the "Black Friday" or "Cyber Monday" comparable action within 24 hours, a total of around 30 billion dollars. While this was an increase of 27 percent year-on-year, but in percentage terms the smallest increase in the ten year history of the "Single's Day".

Alibaba, dominates the market, but rivals JD.com competition. In addition, the competitors Pinduoduo is popular, the customers in the less well-to-do courts in cities of China. (chk/sda)

Created: 11.11.2019, 03:43 PM

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