Internet giant Alibaba kicks off Singles' Day shopping bonanza with a bang
- Author: Theresa Obrien Nov 12, 2017,
Nov 12, 2017, 1:57
With those numbers, not Black Friday, Cyber Monday or Valentine's Day, can compete with Singles' Day as of yet.
Alibaba said that by midday yesterday, the gross value of sales processed by Alipay (支付寶), its online payment system, had surpassed the US$17.8 billion logged over the full 24 hours previous year.
Alibaba's payments affiliate, Alipay, processed $17.8 billion of transactions on November 11 previous year. Additionally, the retailer hit a record $18 billion in just 13 hours, eclipsing last year's record of $17.8 billion in 24 hours.
Not all are enthusiastic about the massive consumer orgy, however, with environmentalists accusing Alibaba of promoting a culture of over-consumption that creates mountains of waste. These sales were added towards the total sales for Singles' Day.
Famous American singer Mariah Carey accused of sexual harassment
And when it came to the sexual harassment, Michael says she performed "sexual acts with the intent that they be viewed by Anello". The security chief is reportedly unsatisfied with her team's offer, but his lawyer says the draft lawsuit is now on hold.
Couriers and robots are expected to deliver an estimated 1.5 billion parcels over the next six days.
Alibaba has also introduced Hema Stores, wherein consumers can walk into the offline store and scan each of the products present in the store through their mobile phones to know more information about it. Alibaba's been trying to tell us all along, like all good friends do when they see the writing on the wall, but a record day of sales may just prove the point once and for all. The Sixth Tone reports that Chinese retailers traditionally put a limit on how many items you can put in your online shopping cart to help "ease operations", encouraging buyers to put in one purchase order rather than multiple transactions that require more processing.
In any case, Alibaba.com has risen to become the largest e-commerce platforms in the world.
Alibaba and JD stock have both doubled this year as revenues surged.
Walmart's early Black Friday 2017 sale is live right now
Walmart is also providing heavy online discounts, such TVs, Tablets, and computers. There's also the Roku 4k Streaming Stick that costs $48 with a saving of $21.
First introduced in 2009, the 11.11 shopping festival, featuring a 24-hour online shopping promotion on Alibaba's major platforms, has fast-grown into a landmark celebration on a global scale. Ahead of the event, the retailer also outfitted almost 100,000 of its Tmall stores across China with facial recognition technology to process payments.
Greenpeace said "Singles Day" deliveries a year ago created 130,000 tonnes of packaging waste - less than 10 percent of which is recycled.
It is a reminder for Malaysians of the recently-launched Digital Free Trade Zone (DFTZ) in Sepang, Selangor, one that is touted to achieve similar success to Alibaba and 11.11, but with Malaysian small-medium enterprises (SMEs).
"It could end up dominating e-commerce in developing countries".
Bezel-less iPad Pro renders envision what Apple could launch next year
Apple's facial recognition feature is used like Touch ID to unlock a user's device and for approving payments using Apple Pay. After years in steady decline, the iPad has bounced back to post year-on-year growth in the last couple of quarters.