Tags: china | jdcom | alibaba | rival | sales

China's JD.com, Alibaba Rival, Reports $19.1 Billion in Shopping Event Sales

China's JD.com, Alibaba Rival, Reports $19.1 Billion in Shopping Event Sales
Mohamed Ahmed Soliman | Dreamstime

Sunday, 12 November 2017 11:35 AM

JD.com, China’s e-commerce behemoth, said on Sunday that sales for Singles’ Day - and its run-up - reached 127.1 billion yuan ($19.14 billion), up 50 percent from a year ago.

Sales included 11 days of transactions, JD said in a statement, unlike its rival Alibaba, which reported on Saturday that its one-day sales reached 168.3 billion yuan ($25.35 billion), up 39 percent from last year.

Singles’ Day, an annual 24-hour buying frenzy that takes place in China on Nov. 11, has emerged as the world’s biggest shopping event. It exceeds the combined sales for Black Friday and Cyber Monday in the United States.

JD started its sales event on Nov. 1, to reduce delivery bottlenecks and to give users more time to make their purchasing decisions, it said.

Fresh foods and cosmetics were some of the online retailer’s biggest movers, with JD selling 500,000 Thailand black tiger shrimp and 55 million facial masks over the period.

The company also said it sold 500 million yuan in air conditioners over a 30-minute period, and 100 million yuan in televisions over a one-minute period.

© 2018 Thomson/Reuters. All rights reserved.

   
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JD.com, China's e-commerce behemoth, said on Sunday that sales for Singles' Day - and its run-up - reached 127.1 billion yuan ($19.14 billion), up 50 percent from a year ago.
china, jdcom, alibaba, rival, sales
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2017-35-12
Sunday, 12 November 2017 11:35 AM
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