Tmall GMV on Singles Day (Double 11) in 2016 reached 120.7 billion yuan (US$17.79 bn) with an increase of 32% YoY, covering 235 countries; mobile accounted for 81.87%. Find out the top selling product categories.
Double 11 (11 Nov; also called Singles’ Day) is China’s largest online shopping festival in China. At 12pm today, Tmall Double 11 sales had reached RMB 80.7 billion (USD 11.85 billion).
Mobile MAUs on Alibaba China retail marketplaces reached 450 million in September 2016, an increase of 23 million over June, while annual active buyers reached 439 million, an increase of 5 million from the 12-month period ended in June.
Ever wondering which is the largest if you compare online sales on Cyber Monday in the west with that on China’s largest online shopping day Double 11? Let this inforgraphic tells you.
China’s Double 11, Nov 11 also called Single’s Day in China, has become a national shopping festival. The total online transaction values on Tmall reached 91.2 billion yuan (US$14.25 million) on Double 11 in 2015 (52 million yuan in 2009, 936 million yuan in 2010, 5.2 billion yuan in 2011, 19.1 billion yuan in 2012, […]
China’s booming economy has driven the emerging of the largest online transactions (55%) in the Asia-Pacific region, and nearly half of Chinese consumers (49%) are estimated to increase their online spend during this shopping season. From November to December 2015, Chinese online shoppers are expected to spend US$150 billion in total and the average expenditure […]
The annual online shopping banquet Double 11 2015 finally ended under the rush of advertising in the subways, buses, elevators, mobile phones, pop-up ads, WeChat, Weibo… Compared to previous years, the Double 11 2015 was held by both online and offline companies, including Alibaba, Suning, Tencent, Jingdong, Amazon, Yihaodian and others, which has become a […]
Double 11 (Nov 11), the largest online shopping day by total transactions, received over 10 billion yuan sales on Tmall only 12 minutes and 28 seconds after it started since midnight in 2015.
Alibaba reported revenues of 22,171 million yuan (US$3,488 million), an increase of 32% year-over-year and mobile revenues of 10,520 million yuan (US$1,655 million), a year-on-year increase of 183% in the third quarter of 2015. The revenues were mainly driven by fast growing mobile commerce and rural market.
Chinese online shoppers prefer to take advantage of the occasional promotions to buy imported goods; and, they also prefer imported goods at promotions, accounting for 65% of online FMCG (fast-moving consumer goods) sales according to Bain & Company and Kantar Worldpanel research.
After listing on NYSE in Sep 2014, Alibaba has been the focus of the whole world. Affected by multiple factors, Alibaba hasn’t been performing as investors expected. Whether Double 11 2015, the biggest annual online sohpping day in China, will take a favorable turn influences investors’ confidence to some extent.
On double 11 of 2014, Alibaba’s transaction value exceeded RMB57.1 billion (US$9.28 billion) which created a new record. However, there is false prosperity behind Double 11 in 2014.
As China’s biggest online shopping day, Double 11 is very much expected for by both online retailers and consumers. It started from midnight and the total sales on Tmall exceeded 1 billion yuan in just three minutes.
In 2009, the sales value on double 11 was RMB50 million ($8.17 million) and in 2013, the number was RMB35 billion ($5.72 billion). Double 11 has been affecting e-commerce industry since its born. Here are the numbers on double 11 from 2009 to 2013, which witness its growth in 5 years.
On Double 11, or Singles’ Day in 2013, Tmall generated an one day sales record of RMB35 billion ($5.7 billion). Tmall’s goal for transaction value on Double 11 (11 Nov 2014) is to reach RMB50 billion ($8.16 billion) in 2014.