Alibaba (BABA) Announces $10B in Single's Day GMV as of 2 pm China Time

Alibaba Group Holding Limited (NYSE: BABA) announced that USD 10 billion (approximately RMB 63.6 billion) of GMV was settled through Alipay on Alibaba’s China and international retail marketplaces as of 2:05 p.m. China Time during the 2015 11.11 Global Shopping Festival. Mobile GMV settled through Alipay accounted for 70% of the USD 10 billion. 1

Additional highlights include:

• Total GMV settled through Alipay exceeded the total GMV of Alibaba’s 2014 11.11 Shopping Festival of RMB 57.1 billion in 11 hours and 50 minutes;
• At 2:00 p.m. China Time, mobile GMV settled through Alipay was USD 7.1 billion (approximately RMB 44.9 billion);
• At 2:00 p.m. China Time, the total number of mobile buyers was more than 70 million; and
• At 2:00 p.m. China Time, Cainiao Logistics, the logistics affiliate of Alibaba Group, received 310 million delivery orders, exceeding the 278 million orders generated last year on 11.11.

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