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China's Singles' Day tops $1.5 billion in first three minutes


China's Singles' Day tops $1.5 billion in first three minutes

Shanghai (China), Nov 11 (ANI): It's a shopping spree of epic proportions and all it took was three minutes for the numbers on this screen to reach 10 billion yuan. In three minutes, Alibaba's gross merchandise volume totalled $1.5 billion and in the next 40 minutes, the site's sales had surpassed $7.5 billion.

The e-commerce giant said that the first delivery was made in 12 minutes after midnight. Alibaba hit $5 billion in transactions in less than 15 minutes on Singles' Day this year as compare to the cyber shopping event back in 2015, where it took the Chinese e-commerce company a full hour to reach $5 billion in transactions.

According to reports, within the first 30 seconds, 97 percent of sales were generated through mobile devices.

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