For those of you who don't know about Singles Day, you can think of it as China's answer to Black Friday and Cyber Monday, combined and to steroids.
Something the most interesting data from Singles Day: Sold for 205 billion, 90% sales on mobile, the system handled over 250,000 orders per second and over 15 million products on sale.
When you see the results and growth from year to year, it may not be so surprising that Jack Ma, Alibaba, is his foundation for themselves, that they will be the world's 5 largest economy in 2036.
Here are 14 fun facts about Alibaba and Singles day:
- Alibaba sold at Singles Day for NOK 205 billion (168.3 billion Yuan).
- Turnover in 2017 was a 39% increase from 2016.
- The first two minutes it was already sold for $1 billion and it took less than an hour before Alibaba bent sales of over $10 billion. The result after the first hour was above twice as high as 2016.
- The postmen deliver in these days around a billion packages ordered at Singles Day – these will be delivered in six days!
- It is estimated that the packages sent out in the days after Singles Day from Alibaba correspond to the same number of packages sent in China throughout 2006.
- Over 3 million people will work with logistics around the delivery of all the packages.
- At most, the payment system handled over 256 000 transactions per second.
- 90% of sales came from mobile phones.
- Singles Day was established in 1993 by students at Nanjing University as a counter-pole to Valentine's Day.
- Eight years ago, Alibaba decided to make Singles Day China's biggest trading day.
- Singles Day is the world's biggest day of action.
- The night before Singles Day, there is a four-hour known-life gallery, with known facts like Pharell Williams, Nicole Kidman and a bunch of Chinese movie stars and musicians. The gallery was sent directly to Alibaba's own video service, as well as to 3 Chinese television networks.
- On one of Alibaba's main pages, Tmall, there were over 15 million products, from over 140 thousand branded items on sale.
- For 11.111 yuan (about 13 thousand NOK) you could get a life's consumption of spirits.
Does Alibaba here show the rest of each who is the king of online commerce?
Sources:
http://shanghaiist.com/2017/06/15/alibaba-5th-largest-economy.php
http://fortune.com/2017/11/11/china-singles-day-alibaba-2/
http://richwaytech.ca/10-crazy-facts-singles-day-china/
https://qz.com/1127087/singles-day-crazy-stats-from-alibabas-online-shopping-extravaganza/
https://qz.com/1129889/how-does-gene-editing-inside-the-human-body-work/