Alibaba sales records on the Internet
Discover how much business Alibaba platform did recently The Chinese online platform’s Singles Day frenzy has broken another record.
On November 11, about 200,000 participating brands offered more than one million new products with total sales topping $38 billion. This is an increase of 26% compared to last year’s event. Top foreign countries selling to China through its cross-border platform were Japan, the US, South Korea, Australia and Germany. 5 billion euros in sales in 24 hours … Alibaba again broke records on Monday for Single’s Day, the most important day for trade in China.
ABOUT ALIBABA :
Alibaba Group Holding Limited is a Chinese multinational conglomerate holding company specializing in e-commerce, retail, Internet, and technology. Founded on 4 April 1999 in Hangzhou, Zhejiang, the company provides consumer-to-consumer, business-to-consumer, and business-to-business sales services via web portals, as well as electronic payment services, shopping search engines and cloud computing services. It owns and operates a diverse array of businesses around the world in numerous sectors, and is named as one of the world’s most admired companies by Fortune.