UPDATE: Alibaba (BABA) Singles' Day GMV Hits $14.3B at Midnight
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Summit Research Incrementally Positive on Alibaba (BABA) Amid Succesful Singles Day
November 12, 2015 8:20 AM ESTSummit Research analyst, Henry Guo, published a note on Alibaba (NYSE: BABA) detailing statistics from this year's singles day holiday. The analyst said the event showcased Alibabas dominant market position in China, as well as its strong technology infrastructure, and rapidly improving fulfillment logistics capabilities.... More
Alibaba (BABA) Generated $14.3B GMV on Singles' Day
November 11, 2015 2:46 PM ESTAlibaba (NYSE: BABA) announced that USD 14.3 billion (RMB 91.2 billion) of gross merchandise volume (GMV) was settled through Alipay on Alibaba's retail marketplaces on November 11, 2015, making the 2015 11.11 Global Shopping Festival the largest shopping day in history. Mobile GMV settled through Alipay accounted for 68.7 percent of total GMV.1
This day demonstrates the power of domestic China consumption, and the Chinese consumers strong demand for international products, said Daniel Zhang, chief executive officer of Alibaba Group. It also showcases how Alibaba uses big data, cloud computing and mobile innovations to create the best shopping experience for buyers and... More
Alibaba (BABA) Announces $10B in Single's Day GMV as of 2 pm China Time
November 11, 2015 6:38 AM ESTAlibaba Group Holding Limited (NYSE: BABA) announced that USD 10 billion (approximately RMB 63.6 billion) of GMV was settled through Alipay on Alibabas 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... More
Alibaba (BABA) Generated USD 5 Billion in GMV in First 90 Minutes
November 10, 2015 2:09 PM ESTAlibaba Group Holding Limited (NYSE: BABA) announced that USD 5 billion (approximately RMB 31.8 billion) of GMV was settled through Alipay on Alibabas China and international retail marketplaces in the first 90 minutes of the 2015 11.11 Global Shopping Festival.
Daniel Zhang, chief executive officer of Alibaba Group said in his opening remarks for the 11.11 Global Shopping Festival Countdown Gala, This year, Alibaba Group has transformed 11.11 into an unprecedented mobile shopping experience. Over the course of the 24-hour shopping marathon, consumers will have a new surprise every hour that has been especially tailored for mobile users.... More
