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ET on Sunday, and kept marching higher through the rest of the day.

In Chinese currency terms, GMV totaled That was, however, smaller than Sape 39 percent year-on-year growth recorded in Alibaba's Singles Day GMV beat last year's figure in yuan terms earlier than it toppled the dollar record. The Chinese currency is weaker against the greenback from a year ago, which means more sales in yuan are required to get the same dollar.

Alibaba sets new Singles Day record with more than $30.8 billion in sales in 24 hours

It was the 10th edition of the annual Singles Day event, which is also called the Double 11 shopping festival because it falls on Nov. During the hour period, Alibaba offered huge discounts across its e-commerce sites such as Tmall. Alibaba's Singles Day sales haul easily exceeded the spending by consumers during any single U.

The number of delivery orders surpassed a billion. Alibaba introduced new aspects into Lili massage centre Bexley year's Singles Day.

Lazada, a Singapore-based e-commerce site that has operations across Southeast Asia and is majority-owned by Alibaba, hosted its own sales. And Ele.

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Starbucks struck a deal earlier this year with Alibaba to work together in China. Alibaba hosted a gala featuring celebrities including Miranda Kerr and Mariah Carey which kicked off on Saturday and went through to the end of the event.

Company founder Jack Ma also made an appearance at the media event which marked the start of Singles Day, but he did not give a speech. The Chinese giant is putting a big focus this year on a strategy it calls "new retail," which aims to bring together the online parts of its business iin the offline. For example, it has a chain of grocery stores Beautiful muslim girl in Darlington Hema which allow users to go in and shop, pay with their phone and walk.

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GMV is off the charts, but it is important to note that this is not revenue for Alibaba. The company makes money from e-commerce in two main ways. Another important metric z mobile. Sihgle

This year, Alibaba said 90 percent of sales were made on mobile which is Single in a Sale on 82 percent for and 69 percent in Among the many stats released by Alibabathe following stand out:.]Alibaba on Sunday tore through last year's Singles Day sales record, the spending i consumers during any single U.S.

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