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Alibaba Shopping Festival Sells $2 Billion in First One Hour

5 years ago|21 views
Alibaba Group said about $2 billion worth of goods were sold on the e-commerce giant's websites within the first hour and 12 seconds of its annual shopping festival. Alibaba did $3.1 billion in business in half a day during last year's festival, equivalent to what it sold in the full day in 2012. The company said that half of the $2 billion gross merchandise volume this year was sold within the first 18 minutes after the "11.11 Shopping Festival" opened.

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