Alibaba Singles' Day Sales Hit $8.6 Billion in First Hour | Bloomberg

[Dungeness]

Yet another record.

Three minutes and one second! That's how long it took Alibaba to pass the 10-billion-yuan mark in sales on its flagship Tmall e-commerce platform at this year's Double 11 shopping bonanza, beating last year's record by 3 minutes 57 seconds.

...

Big data battlefield

The Double 11 has become a battlefield not only for merchants and shoppers but also for engineers.

Millions of people simultaneously rushing to apps to grab the best bargains puts a major strain on servers. In previous years people have failed to confirm their payments in the first few minutes as they try to be the first to land the best offers promised by vendors.

In 2013, Alibaba carried out a major program called " full link stress test," which stimulated real online users to check whether the system could handle the pressure at midnight.

However, engineers failed to get the results they wanted in the first three years.

This year, however, they came up with "Project Vanguard," an unmanned stress test. Many procedures were carried out by an AI system, which decides what the user volume would be, what the scale of pressure is and what countermeasures should be put in place.

Even with all this technological wizardry, some users still experienced difficulties locking down their purchases in the first two minutes this year.

....

http://china.org.cn/business/2017-11/11/content_41877041.htm

Chinese may spend more in one day than Americans in 3 (Thanksgiving+Black Friday+Cyber Monday), even on Per Capital sense. This is actually a bigger event than what most people realize.

 

[TaiShang]

Chinese may spend more in one day than Americans in 3 (Thanksgiving+Black Friday+Cyber Monday), even on Per Capital sense. This is actually a bigger event than what most people realize.

Star-studded 11.11.

　　在昨晚的天猫双十一晚会上，马云主演的功夫电影《功守道》7分钟精华片段与观众见面。片段中主人公马师傅在“华山派”先后与泰拳、拳击、相扑等多个武术流派高手过招切磋，其中不乏众多超大牌武打明星，包括甄子丹、李连杰、吴京等等，不少网友纷纷感叹，有钱人真是“为所欲为”，“想打谁打谁”。

***

洪金宝 still looks cool

 

[Viny]

Am i only person lost in this 11.11 affair.
Can anyone suggest what to buy, most of the items that i checked where cheaper 1 month ago, now they are priced high and then given discounts, which are yet more then what was normal price few months ago.

any real good deal ...would like to contribute to numbers of alibaba

 

[onebyone]

Alibaba breaks 'Singles Day' record, racking up $18 billion in sales in just 12 hours

https://www.yahoo.com/news/alibaba-hits-nearly-18-billion-042826514.html

 

[Martian2]

Alibaba has surpassed last year's Singles' Day sales record of US$18.2 billion. Eleven more hours left for Singles' Day 2017.

Alibaba Singles' Day Breaks Sales Record With 11 Hours to Spare | Bloomberg

 

[nature is]

Am i only person lost in this 11.11 affair.
Can anyone suggest what to buy, most of the items that i checked where cheaper 1 month ago, now they are priced high and then given discounts, which are yet more then what was normal price few months ago.

any real good deal ...would like to contribute to numbers of alibaba

Aliexpress has very limited brands and merchandise. To experience Chinese e-shopping and 11.11 sales, you need to go to local site tmall and taobao. You can literally buy anything, even live lobster from Canada.

 

[Martian2]

$25 billion in 24 hours: World's biggest shopping day sets new record | CNN (November 11, 2017)

 

[Dungeness]

Now it's official, Alibaba hit their sales target of $24B for this year's Singles day, a cool 50% jump over last year.

$ 25,386,927,848

 

[Clutch]

I spent $18 with free shipping to Canad.

Used the mobile app.

 

[qwerrty]

JD is more impressive with $19.14 billion on 11.11. they let alibaba did all the marketing

 

[Martian2]

JD is more impressive with $19.14 billion on 11.11. they let alibaba did all the marketing

You can't compare JD sales to Alibaba's.

JD counts all of its sales from 11/1 to 11/11. For Alibaba, its sales are from only one day.
----------

Chinese spend billions shopping online on ‘Singles Day’ | The Spokesman (November 11, 2017)

"In China, Alibaba’s main rival, online retailer JD.com, said sales had topped $16.7 billion – though the tallies are not comparable because JD tracks transactions starting from Nov. 1 through to the actual day."

 

[onebyone]

Alibaba Singles' Day Posts Record 168 Billion Yuan in Sales

https://www.bloomberg.com/news/arti...ay-breaks-sales-record-with-11-hours-to-spare

 

[TaiShang]

Taiwanese spend one-tenth monthly salary on Singles' Day shopping spree: survey

Source: Xinhua| 2017-11-10 13:52:58|Editor: Yang Yi


TAIPEI, Nov. 10 (Xinhua) -- The majority of employees in Taiwan will join the annual Singles' Day shopping spree and spend about one-tenth of their monthly salary on average, a poll showed Friday.

About 82 percent of the surveyed 1,143 respondents said they will shop online during the shopping festival, spending 4,283 new Taiwan dollars (142 U.S. dollars) on average, according to the poll by local online human resource platform 1111 Job Bank.

About 21 percent said they rarely miss the annual online sales while about 60 percent of them take a more targeted approach to products with alluring prices, the survey showed.

Instigated by Chinese mainland e-commerce giant Alibaba, Singles' Day, which falls on November 11, has grown into an annual online shopping fiesta.

Electronics, clothes, cosmetics and daily necessities are the most popular products Taiwanese employees rush to purchase at discounted prices.

Online shopping has become part of life in Taiwan, the survey pointed out, with Taiwanese spending about one hour browsing online shopping platforms every day and spending 3,188 new Taiwan dollars each month on average.

About 90 percent of the respondents believe that online shopping can save them about nine percent on prices on average compared with shopping at brick-and-mortar stores, according to the survey.

http://news.xinhuanet.com/english/2017-11/10/c_136742294.htm

 

[cirr]

So no one gives a damn about Suning, whose total online+offline GMV is up 163% from last year.

Oh, pls also note the technologies behind the huge sales numbers.

 

[onebyone]

- about 850 million parcels generated, up 29.4% y-o-y - 331 million parcels have been dispatched in 24 hours, up 31.5% y-o-y - 1.5 billion parcels expected during the next six days