Alibaba breaks record: 7.5 billion euro turnover in a single day

Alibaba breaks record: 7.5 billion euro turnover in a single day

National Singles Day, the highlight of the year for Chinese retail, was a hugely successful day for e-tail giant Alibaba. On that day alone, 11 November, it generated a 57.1 billion yuan (7.5 billion euro) turnover!

International attention

The new record turnover came courtesy of 278 million orders, 43 % of which through mobile phones, and had Alibaba outperforming expectations and nearly doubling its own record. Last year, it sent out 150 million packages, worth nearly 4 billion euro. Jack Ma, Alibaba's CEO, had counted on "only" 200 million packages this year.

 

The Chinese National Singles Day is the world's biggest sales opportunity since web shops joined in 2009. International brands now also joined in the holiday spirit: 27,000 large brands (like Spanish Desigual and American The North Face) discounted a lot of products.

Questions or comments? Please feel free to contact the editors


Alibaba exceeds expectations

17/08/2017

Chinese Alibaba has trumped analysts’ turnover and profit expectations with its first quarter results. Its profit even doubled compared to the year before.

Aldi will home deliver in the United States

16/08/2017

German discounter Aldi is starting one-hour deliveries for online orders in the United States, using startup Instacart. Amazon’s reaction was swift: it will test lockers in which custumers can collect items two minutes after ordering them.

Yoox-Net-a-Porter thrives thanks to mobile surge

03/08/2017

Online retailer Yoox-Net-a-Porter has managed to beat analysts’ expectations in the past fiscal year, thanks to a surge in mobile sales. For the first time ever, these sales contributed more than half of the retailer’s total turnover.

Lidl constructs new distribution center in Venlo

01/08/2017

Lidl will open a new distribution center in Venlo, which will cater its web shop’s customer base. The distribution center is not a Lidl Netherlands project, but apparently an international project.

Amazon places own pick-up lockers at consumers' homes

31/07/2017

Amazon announced The Hub, a system of pick-up lockers that can be placed everywhere. They come in different sizes and can be placed both inside or outside of buildings.

Amazon's profit takes enormous hit

28/07/2017

American Amazon’s profit plummeted in the second quarter and is also lower than what analysts had predicted, despite a 25 % turnover increase.

Back to top