Double Eleven Foreign Media Report Summary: Ali Will Challenge Last Year’s $31 Billion Record

Beijing time on the morning of November 11, the 11th year of Alibaba Tmall Double 11 in the early hours of this morning officially started. In one hour, 3 minutes and 59 seconds, the deal reached 100 billion yuan, according to Double 11 Date. November 11 at 10:4:49 a.m., the 2019 Double 11 turnover exceeded 168.2 billion yuan, more than the 2017 double 11 full-day turnover.

Double Eleven Foreign Media Report Summary: Ali Will Challenge Last Year's $31 Billion Record

As of November 11 at 2:21:27 p.m., the 2019 Tmall Double 11 traded more than 200 billion yuan, according to double 11 real-time trading data.

This year, Alibaba Tmall double 11 part of the data released, a number of foreign media also reported on this.

The following are the main foreign media reports:

Reuters: Alibaba’s “Singles Day” for the first time without Jack Ma at the helm of the first nine hours of sales increased by 25% year-on-year

Chinese e-commerce giant Alibaba Group said Monday that its sales had reached 158.31 billion yuan ($22.63 billion) in the first nine hours, up 25 percent from a year earlier.

Alibaba said it expects more than 500 million users to attend the festival this year, up about 100 million from last year. It is the first time Alibaba’s Singles Day has been without co-founder Jack Ma, who announced his retirement in September. Alibaba continues to dominate the online shopping industry, but not without competition.

Bloomberg: Alibaba’s “Bachelor Day” will challenge last year’s $31 billion in sales

Alibaba’s Singles Day shopping campaign recorded more than 114 billion yuan ($16.3 billion) in transactions in less than 90 minutes, more than half of last year’s record.

On the day of the event, an estimated 500 million shoppers will flock to the e-commerce giant’s website. In addition, Alibaba again held a party in Shanghai, this time invited singer Taylor Swift.

CNN: Double Eleven sales exceed “Black Friday” and “Cyber Monday” combined

Alibaba, China’s largest e-commerce company, said Monday that it has earned $24 billion so far. Double Eleven event sales outnumber Black Friday and Cyber Monday combined. With half a day to go until the shopping carnival is over, Alibaba is on track to surpass last year’s $30 billion in sales.

Alibaba said on Sunday that it had ordered 100 million yuan ($14 million) worth of Apple’s iPhone 11 series in pre-sale of the “Singles Day” that began three weeks ago.

CBS: Double Eleven trades more than the three biggest shopping days in the U.S. combined

November 11th is the world’s largest annual shopping spree. According to Adobe Analytics, China’s one-day Double Eleven Shopping Festival is likely to surpass Thanksgiving, Black Friday and Cyber Monday sales combined.┬áReuters noted that $1 billion worth of goods were sold in one minute and eight seconds.

ABC: 500 million people are expected to attend The Bachelor Day in 2019

China’s annual 11.11 Global Shopping Day, held on November 11th, now exceeds the combined number of Black Friday and Cyber Monday in the United States. This year is its 11th year. Alibaba, the e-commerce giant, turned it into a shopping festival in 2009 through its Taobao website. Alibaba expects 500 million consumers to participate this year, up 100 million from last year.

CNBC: Alibaba’s “Bachelor Day” sales reach $23 billion in the first nine hours

Chinese e-commerce giant Alibaba said on Monday that its sales reached 158.31 billion yuan ($22.63 billion) in its first nine hours, up 25 percent from a year earlier. Similar to Black Friday and Cyber Monday in the United States, Singles’ Day has been promoted by Alibaba as a shopping festival.

Last year, Alibaba’s platform generated $30 billion in sales, compared with $7.9 billion in online sales in the U.S. on Cyber Monday.

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