Connect with us

English Edition

11.11 Global Shopping Festival Alibaba Books US$84.54 Billion Transactions

This year’s 11.11 Alibaba Group Global Shopping Festival managed to record the highest GMV in history.

Published

on

11.11 Global Shopping Festival Alibaba Group recorded consistent growth.

Hangzhou, TechnoBusiness CN Alibaba Group Holding Limited (NYSE: BABA, HKEx: 9988) closed the 11.11 Global Shopping Festival which was held for 11 days today with a gross merchandise value (GMV) of RMB540.3 billion (US$84.54 billion ).

Alibaba’s 11.11 Global Shopping Festival (Alibaba’s 11.11 Global Shopping Festival), which this year is the 13th year it is being held, was attended by 290,000 brands, 65% of them from small businesses, and were able to record the highest GMV in history.

Also Read: Oracle Opens Oracle Cloud Region for Southeast Asia In Singapore

In its official announcement, the 78 brands marketed through Alibaba’s 11.11 Global Shopping Festival saw GMV growth from RMB10 million last year to more than RMB100 million. A total of 698 brands experienced GMV growth from RMB1 million to RMB10 million.

Advertisement

In the annual shopping festival, through the Tmall platform, Alibaba Group offers 500,000 products from 200 merchants that already have environmentally friendly certificates. The agricultural sector from rural areas also recorded an increase in GMV of 20%.

11.11 Global Shopping Festival on Tmall Global this year was enlivened by 1.3 million new products.

Alibaba Group management further said that the Alibaba 11.11 Global Shopping Festival on Tmall Global this year was enlivened by 1.3 million new products launched by 29,000 brands from outside China. A total of 2,800 brands of which are new participants.

Also Read: Manufacturing Expert Lisa Anderson Predicts Future Supply Chain Model

More than 1,600 brands participated in the membership challenge campaign and attracted more than 97 million new members during the 11.11 Global Shopping Festival. Interestingly, more than 1 million packages were delivered by 350 Xiaomanlv, Alibaba’s delivery robot.

The number of packages that Xiaomanlv sent during the festival period even exceeded the number of packages sent by Alibaba Group for the whole year (September 2020-September 2021).

Advertisement

“At this year’s Alibaba 11.11 Global Shopping Festival, we recorded consistent and quality growth. It also reflects China’s dynamic consumption economy,” said Yang Guang, vice president of Alibaba Group.

—Zhang Ju, TechnoBusiness CN Photo: Alibaba Group

Continue Reading
Advertisement
17 Comments

17 Comments

  1. gralion torile

    05/08/2022 at 6:20 AM

    Good website! I really love how it is easy on my eyes and the data are well written. I am wondering how I might be notified whenever a new post has been made. I’ve subscribed to your feed which must do the trick! Have a nice day!

  2. Pang Gem

    07/09/2022 at 11:07 PM

    Get free Google Play gift card codes in seconds. We are provide free Google Play gift card codes by Google Play gift card Generator.
    Click on the link below, fill it step by step and you can use it very easily.

    OFFER LINK: cutt.ly/1CaZXtD
    For More Information: googleplaygiftcard999.blogspot.com

  3. best cryptocurrency to buy 2021

    13/09/2022 at 4:22 AM

    I have been browsing on-line greater than three hours nowadays, but I by no means found any fascinating article like yours. It’s lovely value enough for me. In my opinion, if all web owners and bloggers made good content material as you did, the net will likely be much more useful than ever before. “Where facts are few, experts are many.” by Donald R. Gannon.

  4. cryptocurrency to buy now

    14/09/2022 at 9:28 AM

    Really instructive and excellent bodily structure of content, now that’s user friendly (:.

  5. Link here

    14/09/2022 at 9:16 PM

    I happen to be commenting to make you understand of the remarkable encounter my cousin’s princess developed using your site. She mastered a lot of issues, including what it is like to have an excellent helping style to let many more smoothly have an understanding of several grueling matters. You truly surpassed readers’ desires. Thanks for giving these great, dependable, educational and in addition unique guidance on this topic to Emily.

  6. premiação empresas funcionários

    02/10/2022 at 3:44 AM

    Good write-up, I¦m regular visitor of one¦s site, maintain up the excellent operate, and It is going to be a regular visitor for a lengthy time.

  7. spa

    05/10/2022 at 4:19 AM

    I got good info from your blog

  8. Hair clipe Hair ornaments

    16/10/2022 at 11:19 AM

    Whoa! This blog looks just like my old one! It’s on a entirely different topic but it has pretty much the same layout and design. Wonderful choice of colors!

  9. garlic salt

    16/10/2022 at 1:09 PM

    Hello, Neat post. There’s a problem together with your site in web explorer, could check thisK IE still is the market chief and a big portion of other folks will omit your excellent writing because of this problem.

  10. commercial solar

    22/10/2022 at 12:12 AM

    Its superb as your other posts : D, regards for putting up. “What makes something special is not just what you have to gain, but what you feel there is to lose.” by Andre Agassi.

  11. uchiwa

    27/10/2022 at 9:13 PM

    I have been reading out many of your posts and it’s clever stuff. I will surely bookmark your blog.

  12. Europa-Road medence szállítás

    12/11/2022 at 9:49 AM

    Excellent blog! Do you have any suggestions for aspiring writers? I’m planning to start my own website soon but I’m a little lost on everything. Would you propose starting with a free platform like WordPress or go for a paid option? There are so many options out there that I’m completely confused .. Any ideas? Thanks a lot!

  13. Paris

    12/11/2022 at 5:38 PM

    I have recently started a blog, the info you offer on this site has helped me greatly. Thanks for all of your time & work. “A creative man is motivated by the desire to achieve, not by the desire to beat others.” by Ayn Rand.

  14. antika eşya alım satım

    18/11/2022 at 7:08 PM

    Thanks , I have recently been looking for information approximately this topic for ages and yours is the greatest I have found out till now. However, what about the bottom line? Are you certain about the supply?

  15. zmozeroteriloren

    23/11/2022 at 12:58 AM

    Its such as you read my thoughts! You seem to understand so much about this, like you wrote the e book in it or something. I think that you just could do with a few percent to drive the message home a bit, however other than that, that is great blog. A fantastic read. I’ll certainly be back.

  16. zmozero teriloren

    24/11/2022 at 9:51 PM

    Very interesting info!Perfect just what I was searching for!

  17. special

    29/11/2022 at 4:42 PM

    Thanks for some other fantastic post. The place else could anybody get that type of info in such a perfect method of writing?
    I have a presentation next week, and I’m on the search for such info.

    Feel free to surf to my homepage – special

Leave a Reply

Your email address will not be published. Required fields are marked *