Alibaba's 24-hour online sale tops USD 9 bln on 11 Nov

Wednesday 12 November 2014 | 09:00 CET | News
Alibaba Group reports that total sales for its 11.11 Shopping Festival increased to USD 9.3 billion on 11 November this year. The total gross merchandise volume (GMV) transacted over Alibaba Group's Chinese and international retail marketplaces—purchases that were paid for through Alipay, Alibaba's e-payments affiliate—increased by 60.3 percent over last year's total of USD 5.8 billion. The GMV for transactions over mobile devices during the sale represented 42.6 percent of total sales.

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Categories: Internet
Companies: Alibaba / Alipay
Countries: China / World
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