Shanghai, November 12, 2017<\/strong> \u2013 Alibaba Group Holding Limited (NYSE: BABA) announced that US$25.3\u00a0billion (RMB168.2 billion) of gross merchandise volume (GMV) was settled through Alipay on\u00a0November\u00a011, 2017, an increase of 39% compared to 2016. Mobile GMV settled through Alipay accounted for 90% of\u00a0total GMV.<\/p>\n\u201cMore than US$25 billion of GMV in one day is not just a sales figure,\u201d said Daniel Zhang, Chief Executive\u00a0Officer of Alibaba Group. \u201cIt represents the aspiration for quality consumption of the Chinese consumer,\u00a0and it reflects how merchants and consumers alike have now fully embraced the integration of online and\u00a0offline retail.\u201d<\/p>\n
Key highlights from the 2017 11.11 Global Shopping Festival<\/strong><\/span><\/p>\nThe Alibaba Economy at Scale<\/strong><\/p>\n\n- Total GMV settled through Alipay was RMB168.2 billion (US$25.3 billion), an increase of 39%
\ncompared to 2016<\/li>\n - Total mobile GMV settled through Alipay was approximately 90% of total GMV, compared to 82% last\u00a0year<\/li>\n
- More than 140,000 participating brands and merchants<\/li>\n
- Alipay processed 1.48 billion total payment transactions, up 41% from 2016, and processed 256,000\u00a0transactions per second at peak<\/li>\n
- Alibaba Cloud processed 325,000 orders per second at peak<\/li>\n
- Cainiao Network processed 812 million total delivery orders<\/li>\n
- The first delivery arrived 12 minutes and 18 seconds after midnight<\/li>\n<\/ul>\n
Globalization: Power of the Chinese Consumer<\/strong><\/p>\n\n- 60,000 international brands and merchants available to Chinese consumers<\/li>\n
- 225 countries and regions with completed transactions<\/li>\n
- 167 merchants each generated more than RMB100 million (US$15.1 million) in sales, 17 merchants
\nsurpassed RMB500 million (US$75.4 million) in sales, and 6 merchants surpassed RMB1 billion
\n(US$150.9 million) in sales<\/li>\n - Top countries selling to China include: Japan, United States, Australia, Germany, South Korea<\/li>\n<\/ul>\n
About the 11.11 Global Shopping Festival<\/strong><\/p>\nThe 11.11 shopping festival began in 2009 with participation from just 27 merchants as an event for
\nmerchants and consumers to raise awareness of the value in online shopping. Last year, nearly 100,000\u00a0brands and merchants participated in the global shopping event, with consumers spending US$17.8 billion\u00a0(RMB120.7 billion) during the 24-hour period. For additional history and facts from last year\u2019s festival, as\u00a0well as the latest news and updates on the 2017 11.11 Global Shopping Festival, please visit Alizila:\u00a0http:\/\/www.alizila.com.<\/p>\n
About Alibaba Group<\/strong><\/p>\nAlibaba Group\u2019s mission is to make it easy to do business anywhere. The company aims to build the future\u00a0infrastructure of commerce. It envisions that its customers will meet, work and live at Alibaba, and that it\u00a0will be a company that lasts at least 102 years.<\/p>\n
GMV for the 11.11 Global Shopping Festival is the total value of orders settled through Alipay on Alibaba’s China retail\u00a0marketplaces and AliExpress within a 24-hour period on November 11. It is reported on a real-time basis and includes\u00a0shipping charges paid (where applicable). Transactions related to international brands, defined as brands created\u00a0outside of Mainland <\/span><\/em>China, and user data are limited to Tmall.<\/span><\/em><\/p>\nAlibaba Group’s operating results disclosed in this press release are denominated in RMB; year-over-year comparisons\u00a0and growth rates are calculated on the basis of RMB amounts and are not affected by foreign exchange rate\u00a0fluctuations. All translations of RMB into US$ are made at US$1=RMB6.6282, the central parity rate announced by the\u00a0People\u2019s Bank of China (PBOC) on November 10, 2017.<\/span><\/em><\/p>\nAll GMV, mobile GMV and other figures presented in this press release are unaudited and subject to adjustments.<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"The Alibaba Group has generated US$25.3 Billion (RMB168.2 billion) of gross merchandise volume (GMV) in 24 hours during the 2017 11.11 Global Shopping Festival.<\/p>\n","protected":false},"author":1,"featured_media":65293,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_links_to":"","_links_to_target":""},"categories":[3265,1509,14],"tags":[14767,5291,1755,15946,4357,16117,2160,5497,8472,3212,14766],"class_list":["post-65292","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-event","category-featured","category-techie","tag-11-11","tag-alibaba","tag-china","tag-event","tag-featured-2","tag-global-shopping","tag-international","tag-online-shopping","tag-retail","tag-sales","tag-singles-day"],"aioseo_notices":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/techielobang.com\/blog\/wp-content\/uploads\/2017\/11\/2017-11.11-Global-Shopping-Festival.jpg?fit=800%2C533&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p8YKZ-gZ6","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/techielobang.com\/blog\/wp-json\/wp\/v2\/posts\/65292","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/techielobang.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/techielobang.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/techielobang.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/techielobang.com\/blog\/wp-json\/wp\/v2\/comments?post=65292"}],"version-history":[{"count":1,"href":"https:\/\/techielobang.com\/blog\/wp-json\/wp\/v2\/posts\/65292\/revisions"}],"predecessor-version":[{"id":65295,"href":"https:\/\/techielobang.com\/blog\/wp-json\/wp\/v2\/posts\/65292\/revisions\/65295"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/techielobang.com\/blog\/wp-json\/wp\/v2\/media\/65293"}],"wp:attachment":[{"href":"https:\/\/techielobang.com\/blog\/wp-json\/wp\/v2\/media?parent=65292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/techielobang.com\/blog\/wp-json\/wp\/v2\/categories?post=65292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/techielobang.com\/blog\/wp-json\/wp\/v2\/tags?post=65292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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