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So the final tally is 57.1 billion yuan。
Not a bad day of trade for Alibaba huh?
They should and will make it 100 billion yuan by 2016.
Next time Chinese online stores should push more aggressively into foreign markets by facilitating online ordering system, including interfaces in multiple languages.
There are a lot out there I know dying to buy from China, made in China.
Impressive and ... crazy.Xiaomi Made $254M Selling 1.16M Phones On China’s Singles’ Day
Posted 3 hours ago by Jon Russell (@jonrussell)
Singles’ Day, the largest online shopping day in China/on the planet was yesterday, and — as many predicted — a spate of companies set new sales records for the shopathon.
Alibaba, the retail giant most synonymous with the 11/11 bonanza, matched its revenue from last year with 10 hours still remaining, and Xiaomi — the smartphone-maker getting a lot of attention right now — also set a new best. Hugo Barra, Xiaomi’s VP of International, tweeted that the company generated $254 million in revenue from selling 1.16 million phones.
Earlier in the day, Barra revealed that the company reached ¥100 million (US$16 million) in sales after just five minutes. Xiaomi matched its performance from last year’s 11/11 event — revenue of ¥550 million (US$90 million) — within four hours of this year’s shopping day starting.
Behind the sales numbers, Xiaomi said it had sold some 720,000 units by midday. Of that figure, around 250,000 were its flagship $300 Mi4 device, with 460,000 units of its $150 Redmi device snapped up. In addition, it says it sold 25,000 of its Mi TVs.
Xiaomi’s revenue figures are, of course, far lower than those of Alibaba, but they are nonetheless impressive for a company that sold only 19 million smartphones during the whole of 2013.
Singles’ Day came at an ideal time for Xiaomi. It has garnered increased media attention after climbing to third place in the smartphone industry (based on quarterly shipments), and these impressive sales figures will doubtless help itsapparent ongoing efforts to raise $1.5 billion in fresh funding to continue to expand its operations worldwide.
A series of new market launches this year mean Xiaomi now sells to customers in seven different countries in Asia — including India — and there are plans to reach more parts of Southeast Asia and to enter Central and Latin America.
The corks were popping over at Xiaomi HQ yesterday… here’s co-founder Bin Lin breaking out the champagne.
Impressive and ... crazy.
Ebay is one of Alibaba's target with no doubt. Do you still remember the handstand strategy?Impressive indeed。1,160,000 smartphones sold by Xiaomi alone in a single day。
Five Takeaways From Alibaba's Record-Busting $9.3 Billion Shopping Fest
Nearly 43% of Sales Came From Mobile During World's Biggest E-Commerce Holiday
By Angela Doland. Published on November 11, 2014. 0
Chinese e-commerce giant Alibaba's ambitions seem limitless: Bigger, more mobile, more global. During its just-ended annual e-commerce holiday, Alibaba set a new record, selling $9.3 billion in merchandise in a 24-hour festival.
The figure for the 11/11 sale, named for its date, Nov. 11, topped the 2013 record of $5.8 billion. That's way more than everything people bought on their computers during the five-day U.S. Thanksgiving holiday last year that included both Black Friday and Cyber Monday ($5.3 billion, according to ComScore.)
So what are the big takeaways?
Size matters
Alibaba started small in founder Jack Ma's apartment, but now everything the company does is larger than life. In September, it broke the record for the biggest initial public offering, at $25 billion, in New York.
The company brought more than 600 reporters to its headquarters in Hangzhou, about 100 miles southwest of Shanghai, and flashed real-time sales figures at them on a giant screen.
Its news releases abound with huge figures: There are more than 1 billion product listings on Alibaba's platforms, which include Tmall (a giant online shopping center where brands have digital storefronts) and Taobao (similar to eBay). And more than 27,000 brands participated in the sale.
Jack Ma is the Steve Jobs of China
The big buzz of the night was whether Mr. Ma would appear. After security guards swept the room, Mr. Ma got a rock-star welcome, with the crowd rushing the stage to photograph him. He's revered in China for turning a local underdog into a giant with a market value bigger than Amazon and Facebook.
But the former English teacher, wearing a simple green sweater, injected some modesty into the proceedings: He said very big sales would make him nervous because of the impact on logistics and deliveries.
"The most difficult time will come in the next few days," Mr. Ma said. He added that he doesn't have time for online shopping himself – family members bought his shoes. (Scroll down to watch scenes from the Alibaba campus.)
Mobile has momentum
Every year, Alibaba gets more mobile sales on 11/11, sometimes called Double Eleven or Singles Day. In 2012, the figure was 5%, and last year 21%. This year it was nearly 43% after Alibaba encouraged brands and merchants to give an 80-cent discount for buying on mobile.
In China, the stakes to capture mobile consumers are huge, Many people are going online for the first time on a smartphone, not a desktop. Internet penetration in the country of 1.3 billion is 47%, so there's big room for growth. And Alibaba and rival Tencent, which has a hot chat app, WeChat, are battling to win over Chinese mobile consumers.
McCann Worldgroup Shanghai's print campaign for Alibaba shopping platform Tmall.
Chinese brands win
Many big Western brands are on Tmall, where you can buy everything from Huggies diapers to the Apple iPhone 6s to Adidas sneakers to Costco dried cranberries. But the top sellers were local brands.
Xiaomi, the local maker of sleek and cheap smartphones and other electronics devices, was No. 1. Just four years old, it's already the No. 3 smartphone player worldwide. Another smartphone brand, Huawei, was No. 2, while Haier, the Chinese appliance maker, was No. 3.
Alibaba has global ambitions but is laying low in the U.S. -- for now
Consumers worldwide could buy goods from Chinese merchants for the first time via the company's AliExpress platform (that sale started later and its full results have not yet been tallied.) Mr. Ma said the event needs a few more years to become truly global: "This is only the beginning."
China is the world's No. 1 e-commerce market now, after surpassing the United States last year, according to Mintel. Alibaba owns a small U.S. e-commerce site called 11 Main, but it didn't take part in the discount sale.
Joe Tsai, Alibaba's executive vice chairman, said the focus now is bringing goods from U.S. merchants to Chinese consumers, though targeting U.S. shoppers could be interesting later on.
The industry is buzzing about how and when that might happen. Forrester Research analyst Sucharita Mulpuru just advised people to watch out for an Alibaba marriage with eBay, probably in 2016 at the soonest.
Many big Western brands are on Tmall, where you can buy everything from Huggies diapers to the Apple iPhone 6s to Adidas sneakers to Costco dried cranberries. But the top sellers were local brands.
Xiaomi, the local maker of sleek and cheap smartphones and other electronics devices, was No. 1. Just four years old, it's already the No. 3 smartphone player worldwide. Another smartphone brand, Huawei, was No. 2, while Haier, the Chinese appliance maker, was No. 3.
There are so many kinds of Express.Anyone ordred from Ali Express? It doesn't seem to have a secured checkout