BeijingOne hour ago
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- China's e-commerce company broke last year's record in just 30 minutes
- The company spent Rs 2.82 lakh crore in 24 hours last year. Did business
The single-day shopping festival of China's largest e-commerce company Alibaba has started on Wednesday (November 11). It is the largest shopping festival in the world, which will run for 24 hours. In this, customers are given huge discounts. As soon as the company's sale started, people made 5.83 lakh orders every second. SAIL broke the 24-hour record of 2019 by selling Rs 4.18 crore in the first 30 minutes.
Last year, the company sold a total of $ 38 billion (about Rs 2.82 lakh crore) in 24 hours in Bumper Sale. According to live news coverage of this event, the world's top-10 countries are shopping from China. This includes the US, Russia, France, Malaysia, Singapore, Spain, Australia, Japan, Korea and Canada. Earlier it was expected that America is not liking China. But the American people prefer shopping for goods from China.
Experts believe that this will also strengthen China's economy. Experts say that due to the epidemic, customers in China preferred online shopping. Customers have already made up about 30% of the country's online retail shopping. Alibaba has also benefited from this. Because the e-commerce segment now has more buyers than before. At the same time, the country's economy will also be strengthened due to heavy customer spending in heavy cell.
Event started 11 years ago, heavy on US market
The single-day sale event, which started in 2009, has been setting new records every year in terms of shopping. This year too, the company set a great record in the opening minutes. This single day sale event of Alibaba is more famous than America's Black Friday and Cyber Monday.