Malaysians gear up for Alibaba's Singles Day shopping frenzy
12 November, 2017, 00:54
More than 140,000 brands participate in 11.11 in 2017, offering 15 million products The Double 11 shopping event has more than 60,000 worldwide brands that will offer popular items from authentic autographed sports memorabilia to fresh foods and produce to half a billion Chinese consumers.
This year's shopping festival entered new territory, blazing past $1 billion within two minutes of the holiday, starting at midnight on Saturday.
Chinese consumers are spending billions of dollars shopping online for anything from diapers to diamonds on "Singles Day", a day of promotions that has grown into the world's biggest e-commerce event.
That blew well past the $17.8 billion logged over the full 24 hours last year, which itself marked a 32 percent year-on-year increase.
Global consulting firm Oliver Wyman estimated this week that Alibaba's Singles' Day sales across all e-commerce platforms this year will surge to a record 152 billion yuan (US$23 billion), compared with total spending of 120.7 billion yuan in 2016 on Alibaba platforms, including Tmall and Taobao.
On November 11 in China, Alibaba Group Holding's annual shopping festival, Single's Day, recorded $8.6 billion in sales in the first hour with a total of $25.3 billion in sales for the entire day, according to Bloomberg.
Alibaba offers an e-commerce marketplace, while JD.com has a more vertical operation like Amazon ( AMZN ).
Alibaba rivals such as JD.com also reported brisk business.
Alibaba said that five minutes after midnight Alipay was processing 2,56,000 payment transactions per second, doubling last year's high-water mark.
November 11 has been celebrated as China's Single's Day since the 1990s.
But environmentalists complain of ecological harm, accusing Alibaba and other e-commerce companies of fuelling a culture of excessive over-consumption and mountains of waste. Alibaba has not only transformed consumer behavior in China, but merchant behavior as well. Last year, there were 98,000. "I have often emptied my "shopping cart" on Singles Day", Zheng said.
Asked if he was satisfied that all players who had pulled out were genuinely injured, Southgate replied: "Yeah, absolutely". "... England will begin their preparations for the 2018 World Cup with a friendly against Germany at Wembley on Friday night.
And Salman, who is reuniting with Jacqueline after three years, shared the flawless mahurat shot with his fans on social media. The movie is made under Tips film, the official Twitter page of the production company also tweeted the same.
Others, Democrats and Republicans alike, said that the nominee should step aside if the accusations have any truth behind them. Four women, now adults, told the WaPo that Moore pursued them romantically when he was grown man, and they were teenagers.
She said it occurred just before she presented the women's player of the year award at the Ballon D'or in Switzerland. I didn't get to tell him directly, 'Don't ever touch me!' That's the way I've always handled things.
In keeping with that mindset, Nintendo wants to make Switch shortages a thing of the past beginning in the next fiscal year. Wall Street Journal adds the company may increase these numbers depending on its performance this holiday season.
If you live outside of Asia, you're about to get more familiar with the five-year-old internet news and video aggregator. The Musical.ly app allows users to share 15 second videos of lip syncing popular songs and making amusing faces.
In a statement, Mercedes said, "Valuables were stolen but everybody is safe and uninjured which is the main thing". Hamilton's fellow Brit Jenson Button escaped a "terrifying" armed attack on his auto in the same city in 2010.
Bale's injury woes worsened on Friday following news that he is facing up to a month on the sidelines after another setback. However, he has remained at Madrid and has continued to enjoy great success in the UEFA Champions League .
The power of its characters and brands are the reason many investors stick with the company despite its challenges. As it turns out, they weren't just lip service - they were the first clues The Last Jedi is extraordinary.
Arctic blast a record low for the Big Apple
And, it's fixing to shatter a 140-year-old daily mark for the coldest November 10 in Buffalo's history of keeping weather records. There also is a chance of showers after 11 a.m., but forecasters believe not more than one-tenth of an inch is expected to fall.