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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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Wilkerson Testimonials | MSG Jewelers

Wilkerson Takes the Worry Out of Closing

MSG Jewelers has always treated its customers like family. When owner Mike George decided to retire and close the doors of his St. Louis, Missouri jewelry store, he selected a company to manage his going-out-of-business sale that treats its customers like family, too. That’s why he chose Wilkerson. “Wilkerson was able to do all the things that we needed,” says George. In the end, the bittersweet store closing was so much easier with Wilkerson at the helm. From marketing to pricing to inventory, Wilkerson does it all. “It’s a package deal,” says George.

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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

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials | MSG Jewelers

Wilkerson Takes the Worry Out of Closing

MSG Jewelers has always treated its customers like family. When owner Mike George decided to retire and close the doors of his St. Louis, Missouri jewelry store, he selected a company to manage his going-out-of-business sale that treats its customers like family, too. That’s why he chose Wilkerson. “Wilkerson was able to do all the things that we needed,” says George. In the end, the bittersweet store closing was so much easier with Wilkerson at the helm. From marketing to pricing to inventory, Wilkerson does it all. “It’s a package deal,” says George.

Promoted Headlines

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