Chinese shoppers spend £100 MEEEELLION online in SIX minutes

[xuxu1457]

Alibaba Reports $5.7 Billion In Singles' Day Sales - Business Insider
China's biggest online shopping day of the year ended Monday with a record $5.7 billion in sales for Alibaba Group, the country's top e-retailer.


Alibaba's two shopping platforms, Tmall and Taobao Marketplace, were expecting sales of at least $4.9 billion during the 24-hour online shopping blitz, which is held on Nov. 11 every year. Last year, sales for Alibaba totaled $3.1 billion.

By comparison, U.S. consumers spent $1.5 billion on "Cyber Monday" last year.

The shopping day coincides with a Chinese holiday called "Singles' Day," which started out in the 1990s as a protest to Valentine's Day.



Read more: Alibaba Reports $5.7 Billion In Singles' Day Sales - Business Insider

 

[Destro]

Chinese consumption power being shown in full force. Love it

China is the 3rd largest consumer market in the world according to UN. In 2-3 years China will surpass Japan to become number 2 consumer market. By 2020, China will become the largest consumer market on planet earth.


Consumption of China:
Household Consumer market (3)
Luxury market (2)
E-Commerce market (2)
Retail market (2)
Automobile market (1)
Luxury car market (2)
Aircraft market (2)
IPO market (?)
M&A market (?)
Insurance market (4)
Private Equity market (2)
Venture Capital market (?)
Credit Card market (?)
Pharmaceutical market (5)
Medical Equipment market (2)
Advertising market (3)
Internet market (1)
Real Estate market (?)
Construction market (1)
Construction Machinery market (1)
Art market (1)
Watch market (1)
Luxury Watch market (1)
Beer market (1)
Wine market (5)
Soft Drink market (4)
PC market (1)
Smartphone market (1)
Tablet market (2)
LCD TV market (1)
Camera market (1)
Home Appliance market (1)
Furniture market (?)
Toy market (3)
Entertainment & Media market (5)
Movie market (2)
Music market (?)
Musical Instrument market (1)
Video Game market (?)
Online Gaming market (1)
Lottery market (2)
Grocery market (1)
Apparel market (1)
Shoe market (1)
Glasses market (1)
Jewellery market (2)
Cosmetic market (3)
Business-travel market (2)
Tourist arrivals (?)
Tourism earner (4)
Tourism spender (1)
Wind power market (1)
Solar power market (1)
Hydro power market (1)
Seed market (2)
Agriculture market (1)
Raw Materials market (1)
Energy market (1)
Renewable Energy market (1)
Electricity market (1)



China will overtake US as world's No 1 consumer: study|Across America|chinadaily.com.cn

 

[cirr]

Jingdong（Buy360.com）sold the equivalent of one computer per second throughout the day。

 

[cirr]

Xiaomi brings in an astonishing $90 million in sales within 24 hours during Chinese e-commerce blowout

November 12, 2013
by Josh Horwitz

Xiaomi dominated China’s Singles Day sales blitz this year, raking in a mind-blowing RMB 5.53 ($90 million) within 24 hours, and passing the RMB 100 million benchmark ($16.4 million) in about three minutes.

On Xiaomi’s official blog, the company posted a timeline of its sales benchmarks during the twenty four hour period, which we’ve translated and abbreviated below:

12:00AM – Tmall’s 11/11 promotion period officially begins, Xiaomi’s set-top box and Xiaomi accessories go on sale.

12:13AM – 50,000 Xiaomi set-top boxes sell out.

12:30AM – The Xiaomi Mi3, 2S and Hongmi go on sale.

12:32AM – 110,000 Xiaomi Mi3 devices sell out.

12:33AM – Xiaomi’s Tmall Alipay account amasses RMB 107 million (about $17.6 million) in revenue, thereby passing the RMB 100 million ($16.4 million) benchmark.

12:41AM – Xiaomi’s Tmall Alipay account amasses RMB 200 million ($32.8 million) in revenue.

1:01AM – Xiaomi’s Tmall Alipay account ammasses RMB 300 million ($49.2 million) in revenue.

7:22AM – Xiaomi’s Tmall Alipay account amasses RMB 400 million ($65.7 million) in revenue.

7:25AM – Xiaomi’s first order of the event arrives at its customer’s doorstep.

10:40AM – 30,000 more phones are added to Xiaomi’s Tmall stock, to go on sale at noon.

12:00PM – Xiaomi’s Tmall Alipay account amasses RMB 433 million ($71 million) in revenue.

1:05PM – Xiaomi’s Tmall Alipay account amasses RMB 500 million ($82 million) in revenue.

10:00PM – Xiaomi’s Tmall Alipay account amasses RMB 541 million ($88.8 million) in revenue.

12:00AM – Xiaomi’s Tmall Alipay account amasses RMB 553 million ($90 million).

Xiaomi also reports that it ranked as the top grossing single-product line store on Tmall, as well as the top grossing cellphone store on Tmall.

http://www.techinasia.com/xiaomi-bri...merce-blowout/