Alibaba Group Generated US$25.3 Billion (RMB168.2 Billion) of GMV During the 2017 11.11 Global Shopping Festival
November 11 2017 - 4:39PM
Business Wire
Total GMV increased 39% compared to 2016
Alibaba Group Holding Limited (NYSE:BABA) announced that US$25.3
billion (RMB168.2 billion) of gross merchandise volume (GMV) was
settled through Alipay on November 11, 2017, an increase of 39%
compared to 2016. Mobile GMV settled through Alipay accounted for
90% of total GMV.
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the full release here:
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“More than US$25 billion of GMV in one day is not just a sales
figure,” said Daniel Zhang, Chief Executive Officer of Alibaba
Group. “It represents the aspiration for quality consumption of the
Chinese consumer, and it reflects how merchants and consumers alike
have now fully embraced the integration of online and offline
retail.”
Key highlights from the 2017 11.11
Global Shopping Festival
The Alibaba Economy at Scale
- Total GMV settled through Alipay was
RMB168.2 billion (US$25.3 billion), an increase of 39% compared to
2016
- Total mobile GMV settled through Alipay
was approximately 90% of total GMV, compared to 82% last year
- More than 140,000 participating brands
and merchants
- Alipay processed 1.48 billion total
payment transactions, up 41% from 2016, and processed 256,000
transactions per second at peak
- Alibaba Cloud processed 325,000 orders
per second at peak
- Cainiao Network processed 812 million
total delivery orders
- The first delivery arrived 12 minutes
and 18 seconds after midnight
Globalization: Power of the Chinese Consumer
- 60,000 international brands and
merchants available to Chinese consumers
- 225 countries and regions with
completed transactions
- 167 merchants each generated more than
RMB100 million (US$15.1 million) in sales, 17 merchants surpassed
RMB500 million (US$75.4 million) in sales, and 6 merchants
surpassed RMB1 billion (US$150.9 million) in sales
- Top countries selling to China include:
Japan, United States, Australia, Germany, South Korea
For additional content from the event, please follow the Alibaba
Group official Twitter account at www.twitter.com/AlibabaGroup, or
visit the Media Resources page on Alibaba corporate news site
Alizila with background, factsheets and content related to this
year's 11.11.
About the 11.11 Global Shopping Festival
The 11.11 shopping festival began in 2009 with participation
from just 27 merchants as an event for merchants and consumers to
raise awareness of the value in online shopping. Last year, nearly
100,000 brands and merchants participated in the global shopping
event, with consumers spending US$17.8 billion (RMB120.7 billion)
during the 24-hour period. For additional history and facts from
last year’s festival, as well as the latest news and updates on the
2017 11.11 Global Shopping Festival, please visit Alizila:
http://www.alizila.com.
About Alibaba Group
Alibaba Group’s mission is to make it easy to do business
anywhere. The company aims to build the future infrastructure of
commerce. It envisions that its customers will meet, work and live
at Alibaba, and that it will be a company that lasts at least 102
years.
__________________________
GMV for the 11.11 Global Shopping Festival is the total value of
orders settled through Alipay on Alibaba's China retail
marketplaces and AliExpress within a 24-hour period on November 11.
It is reported on a real-time basis and includes shipping charges
paid (where applicable). Transactions related to international
brands, defined as brands created outside of Mainland China, and
user data are limited to Tmall.
Alibaba Group's operating results disclosed in this press
release are denominated in RMB; year-over-year comparisons and
growth rates are calculated on the basis of RMB amounts and are not
affected by foreign exchange rate fluctuations. All translations of
RMB into US$ are made at US$1=RMB6.6282, the central parity rate
announced by the People’s Bank of China (PBOC) on November 10,
2017.
All GMV, mobile GMV and other figures presented in this press
release are unaudited and subject to adjustments.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20171111005047/en/
Media Contacts
APAC:Rachel Chan, +852 9400
0979rachelchan@alibaba-inc.comAlibaba GrouporAmericas:Brion
Tingler, +1 917 528 1992Alibaba
Groupbrion.tingler@alibaba-inc.comorEMEA:Maja Hauke, +44 (0)
20 7 3958330Alibaba Groupmaja.hauke@alibaba-inc.com
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