Thursday, November 12, 2015

How China spent $1 billion in eight minutes

 
Chinese online retail monster Alibaba has crushed deals records with Singles Day, the world's greatest internet shopping occasion. Here are a portion of the psyche boggling figures from the day's shopping free for all. 
11 November 2015 

For Westerners, the webpage is no place close as pervasive as Amazon or eBay however in China Alibaba dwarves its American partners with regards to one-day online deals. Singles Day, a yearly web shopping day in China like Cyber Monday in the US, has blasted in fame since 2009.

Hung on 11 November every year, it draws its name from the "uncovered sticks" spoke to by the four number ones in the date. A year ago customers burned through $9.3bn in one day. This year, Singles Day has obscured that sum by $5bn – read on for a portion of the amazing insights of China's energy for internet shopping.

No comments:

Post a Comment