$5 Billion in Sales in One Hour

An estimated $5 billion was made in one hour on the Alibaba site today, where 84% of online purchases take place in China.

Considered the world's largest shopping event, November 11 sold 10 billion yuan ($1.43 billion) in the first 7 minutes of Singles Day, and 36.2 billion yuan ($5 billion) in the first hour. Alibaba's transactions, which sold $3.9 billion in the first hour of last year, increased by 25% this year.

Due to the "Double 11" (November 11) Singles Day shopping that has become traditional in China, there is a high concentration of product sales over the internet. This 24-hour time period allows shopping to take advantage of special discounts on virtual sites in many products such as shopping spree, white goods, furniture, clothing and electronics.

To access the news: http://aa.com.tr/tr/dunya/bir-saatte-5-milyar-dolarlik-online-satis/683299

Note: Alibaba closed the day with a record sales of 17,787.226.799 USD...