Chinese e-commerce company Alibaba breaks record, sales of 2.75 lakh crore in one day

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Chinese e-commerce company Alibaba breaks record, sales of 2.75 lakh crore in one day
Chinese e-commerce company Alibaba breaks record, sales of 2.75 lakh crore in one day

China’s e-commerce company Alibaba broke all sales records in one day amid growing trade tensions in the US and China and a sluggish economy. Alibaba sold $ 38.38 billion or about Rs 2.75 lakh crore worth of products in ‘Singles Day Sale’. This figure was 25.7 percent higher than the previous year.

The company said that it sold Rs 70 thousand crore in just 29.45 seconds on various platforms of the group and broke all sales records in just 16 hours and 24 minutes in one day and surpassed last year’s $ 30 billion. . Economists and businessmen from around the world were eyeing this sale amid trade stress.

“We have done well in terms of sales and number of customers,” said Fan Jiang, president of Alibaba’s Teammol Platform and Taobao. During this period, the number of delivery orders reached 1.292 billion. More than two lakh brands from 78 countries participated in th”We have done well in terms of sales and number of customers,” said Fan Jiang, president of Alibaba’s Teammol Platform and Taobao. During this period, the number of delivery orders reached 1.292 billion. More than two lakh brands from 78 countries participated in the global sale.

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