Alibaba Group Generated RMB213.5 Billion (US$30.8 Billion) of GMV During the 2018 11.11 Global Shopping Festival
November 11 2018 - 2:29PM
Business Wire
Total GMV increased 27% compared to 2017
Alibaba Group Holding Limited (NYSE: BABA) announced that it
generated RMB213.5 billion (US$30.8 billion) of gross merchandise
volume (GMV) on November 11, 2018, an increase of 27% compared to
2017.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20181111005051/en/
Alibaba Group CEO Daniel Zhang at
Alibaba's 2018 11.11 Global Shopping Festival (Photo: Business
Wire)
“Today we witnessed the strength and rise of China’s consumption
economy and consumers’ continued pursuit to upgrade their everyday
lifestyles,” said Daniel Zhang, CEO of Alibaba Group.
“Participation from the entire Alibaba ecosystem enabled our brand
and merchant partners to engage with consumers like never before.
Looking ahead, Alibaba will continue to lead the evolution towards
the future digital economy and lifestyle.”
Key highlights from the 2018 11.11
Global Shopping Festival
- Total GMV settled through Alipay was
RMB213.5 billion (US$30.8 billion), an increase of 27% compared to
2017
- Cainiao Network processed more than 1
billion delivery orders
- More than 180,000 participating
brands
- Over 40% of consumers made purchases
from international brands
- 237 brands exceeded RMB100 million in
GMV, including leading international brands Apple, Dyson, Kindle,
Estée Lauder, L’Oréal, Nestlé, Gap, Nike and Adidas
- Top countries selling to China: Japan,
United States, South Korea, Australia and Germany
- 230 countries and regions with
completed transactions
- Lazada participated in 11.11 as part of
the Alibaba ecosystem, bringing the festival to consumers in
Singapore, Malaysia, Thailand, Indonesia, the Philippines and
Vietnam
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, over
140,000 brands and merchants participated in the global shopping
event, with consumers spending RMB168.2 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 2018 11.11 Global
Shopping Festival, please visit Alizila:
https://www.alizila.com/2018-11-11-global-shopping-festival/
About Alibaba Group
Alibaba Group’s mission is to make it easy to do business
anywhere and the company aims to achieve sustainable growth for 102
years. For fiscal year ended March 2018, the company reported
revenues of US$39.9 billion.
________________________ GMV for the 11.11 Global Shopping Festival
is the total value of orders settled through Alipay on Alibaba's
China retail marketplaces, Lazada and AliExpress within a 24-hour
period on November 11. It is reported on a real-time basis and
includes shipping charges paid (where applicable). Transactions
related to international brands, defined as brands created outside
of Mainland China, and user data are limited to Tmall.
Alibaba Group's operating results disclosed in this press release
are denominated in RMB; year-over-year comparisons and growth rates
are calculated on the basis of RMB amounts and are not affected by
foreign exchange rate fluctuations. All translations of RMB into
US$ are made at US$1= RMB6.9329, the central parity rate announced
by the People’s Bank of China (PBOC) on November 9, 2018.
All GMV and other figures presented in this press release are
unaudited and subject to adjustments.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20181111005051/en/
APAC:Sindy Shi, +86 150 2192
5635ruoyun.sry@alibaba-inc.comorShao Xiaoyi, +86 186 5817
0996shaoxiaoyi.sxy@alibaba-inc.comorAmericas:Brion Tingler, +1 917
528 1992brion.tingler@alibaba-inc.comorEMEA:Maja Hauke, +44 (0) 20
7 3958330maja.hauke@alibaba-inc.com
Alibaba (NYSE:BABA)
Historical Stock Chart
From Aug 2024 to Sep 2024
Alibaba (NYSE:BABA)
Historical Stock Chart
From Sep 2023 to Sep 2024