Wednesday , October 27 2021

Alibaba's Singles Day sets a worldwide sales record for 10 years.



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In the 11.11 Global Shopping Festival in Shanghai, China, Alibaba's sales exceed 168.2 billion yuan. (Photo: VCG / VCG via Getty Images).

Alibaba, who began her annual shopping at midnight on Saturday, said she had already surpassed 168.2 billion yuan ($ 24.2 billion) in sales last year, just before 4 pm. The e-commerce mogul seems to be able to offset much of the record.

The event for the singer started. Mariah Carey, Australia model Miranda Kark and Circus of the sun, Two television channels and a video streaming platform Youku has been broadcast live from Shanghai.

Singles Day has become a bigger shopping day than Black Friday and Cyber ​​Monday combined sales.

This year's event is a trade war with the United States, a billionaire founder Jack Mama Recently it was called "the most stupid thing in the world." Starting in 1999 as a platform for connecting Chinese suppliers with buyers worldwide, Alibaba benefits from cross-border product flows.

As part of efforts to expand into Alibaba's subsidiary Southeast Asia Lajada Singapore, Malaysia, Thailand, Indonesia, the Philippines and Vietnam for the first time promoting Singles Day.

Singles Day, which is named after November 11, is an unofficial holiday originally launched with Anti-Valentines Day. Chinese unmarried youth celebrated the lack of romantic attachment by showing off their gifts for themselves.

Alibaba jointly accepted this event in 2009 at the request of current CEO Daniel Zhang, who will replace Ma as executive chairman next year. Taobao Mall has launched its first single anniversary with a free 50% discount with free domestic delivery. Alibaba reported sales of $ 7.8 million for the 24 hours that began at 12 am on November 11.

Currently ranked The wealthiest person in China The company, estimated at a net worth of $ 34.4 billion, has led technology giants since it was founded in partnership with 17 other people in the coastal city of Hangzhou. The former English teacher said she will step down from her position next year in September.

"Starting the process of delivering the Alibaba Torch to Daniel and his team is the right decision at the right time. I wrote in the letter. "I have confidence in the next generation of leaders," said Alibaba's employees, customers and investors.

Zhang has been the architect of Alibaba's Singles Day success over the past decade. He also found that online retail stores have contributed to a new retail business to integrate online shopping with brick and mortar stores. Hema Grocery chain.

Alibaba's succession plan will be that Zhang will become the largest Internet company in the country boasting a market capitalization of approximately $ 375.5 billion, while the economic war is slowing and rivaling foreign trade wars. & nbsp;JD.com and Pindudo& nbsp;

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In the 11.11 Global Shopping Festival in Shanghai, China, Alibaba's sales exceed 168.2 billion yuan. (Photo: VCG / VCG via Getty Images).

Alibaba, who began her annual shopping at midnight on Saturday, said she had already surpassed 168.2 billion yuan ($ 24.2 billion) in sales last year, just before 4 pm. The e-commerce mogul seems to be able to offset much of the record.

Featuring singer Mariah Carey, the Australian model Miranda Kerr and Cirque du Soleil, the launch was broadcast live on Youku, two television channels and video streaming platform in Shanghai.

Singles Day has become a bigger shopping day than Black Friday and Cyber ​​Monday combined sales.

This year's event is held in the background of a trade war with the United States. Jack Ma, billionaire founder, recently called it "the most stupid thing in the world." Alibaba began in 1999 as a platform for connecting buyers around. You can enjoy the benefits of cross-border product distribution.

Lazada, a subsidiary of Alibaba, promoted Singles Day promotion for the first time in Singapore, Malaysia, Thailand, Indonesia, the Philippines and Vietnam.

Singles Day, which is named after November 11, is an unofficial holiday originally launched with Anti-Valentines Day. Chinese unmarried youth celebrated the lack of romantic attachment by showing off their gifts for themselves.

Alibaba jointly accepted this event in 2009 at the request of current CEO Daniel Zhang, who will replace Ma as executive chairman next year. Taobao Mall has launched its first single anniversary with a free 50% discount with free domestic delivery. Alibaba reported sales of $ 7.8 million for the 24 hours that began at 12 am on November 11.

Macai, who is the richest man in China with an estimated net worth of $ 34.4 billion, has led technology giants since he co-founded 17 other people in the coastal city of Hangzhou. The former English teacher said she will step down from her position next year in September.

"Starting the process of delivering the Alibaba torch to Daniel and his team is the right decision at the right time," Ma wrote to Alibaba staff, customers and investors, knowing that it was ready. "I have confidence in the next generation of leaders."

Zhang has been the architect of Alibaba's Singles Day success over the past decade. He has also contributed to a new retail business that integrates online shopping with brick and mortar stores through the Hema grocery chain.

Alibaba's succession plan will be considered by Zhang as the nation's largest Internet company with a market capitalization of approximately $ 375.5 billion, competing with foreign trade warfare as economic warfare slows and competition with JD.com and Pinduoduo becomes more intense market.

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