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Inside Alibaba’s $14 Billion Sales Day

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China’s “Singles Day” is five times bigger than America’s “Cyber Monday”.

So what were your sales like on November 11? Would it amaze you to learn that Alibaba sold a record-breaking $14.3 billion in merchandise during that single 24-hour period? Last year, the company’s sales on that date – “Singles Day” in China, sort of the anti-Valentine’s Day, and historically the biggest online shopping day in the world — amounted to $9 billion, so maybe the Chinese are shopping again. Business Insider has photos of what it looks like to ship 310 million delivery orders. Perhaps the most shocking statistic of all? Nearly 70% of those millions of purchases were made on mobile phones.

Read more and see images at Business Insider

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After 139 Years, A Family Legacy Finds Its Perfect Exit With Wilkerson.

When third-generation jeweler Sam Sipe and his wife Laura decided to close Indianapolis’ historic J.C. Sipe Jewelers, they turned to Wilkerson to handle their retirement sale. “The conditions were right,” Sam explains of their decision to close the 139-year-old business. Wilkerson managed the entire going-out-of-business sale process, from marketing strategy to sales floor operations. “Our goal was to convert our paid inventory into retirement funds,” notes Sam. “The results exceeded expectations.” The Sipes’ advice for jewelers considering retirement? “Contact Wilkerson,” Laura says. “They’ll help you transition into retirement with confidence and financial security.”

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Inside Alibaba’s $14 Billion Sales Day

mm

Published

on

China’s “Singles Day” is five times bigger than America’s “Cyber Monday”.

So what were your sales like on November 11? Would it amaze you to learn that Alibaba sold a record-breaking $14.3 billion in merchandise during that single 24-hour period? Last year, the company’s sales on that date – “Singles Day” in China, sort of the anti-Valentine’s Day, and historically the biggest online shopping day in the world — amounted to $9 billion, so maybe the Chinese are shopping again. Business Insider has photos of what it looks like to ship 310 million delivery orders. Perhaps the most shocking statistic of all? Nearly 70% of those millions of purchases were made on mobile phones.

Read more and see images at Business Insider

Advertisement

SPONSORED VIDEO

After 139 Years, A Family Legacy Finds Its Perfect Exit With Wilkerson.

When third-generation jeweler Sam Sipe and his wife Laura decided to close Indianapolis’ historic J.C. Sipe Jewelers, they turned to Wilkerson to handle their retirement sale. “The conditions were right,” Sam explains of their decision to close the 139-year-old business. Wilkerson managed the entire going-out-of-business sale process, from marketing strategy to sales floor operations. “Our goal was to convert our paid inventory into retirement funds,” notes Sam. “The results exceeded expectations.” The Sipes’ advice for jewelers considering retirement? “Contact Wilkerson,” Laura says. “They’ll help you transition into retirement with confidence and financial security.”

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