page contents Reports $19.1 Billion in Singles' Day Sales

BEIJING, China — , China’s e-commerce behemoth, said on Sunday that sales for Singles’ Day — and its run-up — reached 127.1 billion yuan ($ 19.1 billion), up 50 percent from a year ago.

Sales included 11 days of transactions, JD said in a statement, unlike its rival Alibaba, which reported on Saturday that its one-day sales reached 168.3 billion yuan ($ 25.35 billion), up 39 percent from last year.

Singles’ Day, an annual 24-hour buying frenzy that takes place in C…
The Business of Fashion

Leave a Reply

Your email address will not be published.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


This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: