Billions have been spent on purchasing online within minutes during the “singles day” in China
Chinese consumers spent a record 91.2 billion yuan (14.3 billion USD, 9.4 billion pounds) online during the 24 hours of Singles Day this year, cementing the e-commerce extravaganza as the biggest day for internet shopping on the global retail calendar.
The 60pc sales growth exceeded expectations, as market research firm IDC had predicted that Alibaba's sales during Singles Day 2015 would rise by 52pc to 87 billion yuan.
Last year's record for online spending on Singles Day was matched before midday, with retail giant Alibaba clocking up 57.1 billion yuan (9 billion USD, 5.9 billionpounds) worth of sales by 11.49am local time. (MTI, Trebitsch Péter)
Related news
Márton Nagy: Domestic consumption is strengthening
Domestic consumption is strengthening, internal demand and the performance of…
Read more >
Consumption could recover in 2025
At the end of August the Equilibrium Institute published its…
Read more >
Standard and Poor’s: Hungary is still recommended for investment
In today’s rating, Standard and Poor’s confirmed that it continues…
Read more >Related news
It is worth choosing domestic poultry for St. Martin’s Day
This year too, goose steak cannot be missing from the…
Read more >
Before St. Martin’s Day: can we expect an increase in prices for geese and ducks?
On November 11, St. Martin’s Day, it is customary to…
Read more >
Extraordinary consumer protection inspections are being launched at food courier companies
The Ministry of National Economy, which is responsible for consumer…
Read more >
