The full number comes in at 163.8 billion RMB, that's roughly $25.3 billion, in GMV — that's "gross merchandise volume" which is used to measure a dollar value for all sales on a platform. In Alibaba's case, that predominantly means its Taobao marketplace and Tmall brand store although it does offer sales via its international services and it ships worldwide. All told, Alibaba handled 1.48 Billion transactions during the 24-hour period.

https://techcrunch.com/2017/11/11/alibaba-smashes-its-singles-day-record/

Boggles the mind, doesn't it?

https://techcrunch.com/2017/11/11/jd-com-singles-day/

And the second biggest retailer kicked in another $19 billion.

Can't wait until we crack into the Asian market. NBA gear is huge over there.

Compare this to Amazon - total sales for 2016, not counting AWS: 123.6 billion dollars.
https://www.fool.com/investing/2017/04/09/how-amazoncom-inc-makes-most-of-its-money.aspx

It's biggest day in 2016 was *estimated* by analysts at $525 million. This year it was "up 60%", so roughly $800 million.

https://www.cnbc.com/2016/07/13/amazon-prime-day-is-biggest-day-for-online-retailer-ever.html
https://www.forbes.com/sites/quora/2017/07/17/how-did-amazons-2017-prime-day-go/#25ccf381c62d

>Boggles the mind

That's an understatement. It's the equivalent of the GDP in Denmark... for a year.

Quote from: Rumbas on November 13, 2017, 02:23:32 PM
It's the equivalent of the GDP in Denmark... for a year.

Why would you say a thing like that? You know that I can't read something like that without looking it up and I have stuff I still need to get done today.

Turns out it is almost exactly the average monthly GDP of Denmark (25.5b USD in 2016 aka 306/12)

>Turns out it is almost exactly the average monthly GDP of Denmark (25.5b USD in 2016 aka 306/12)

Thanks Tom and sorry about that. Monthly of course. Missed a comma there, but still a lot of dough.

In case it wasn't clear Raz, I was making a joke at my expense. When I said "why would you say a thing like that?" I meant "why would you push one of my most pushable buttons by citing a stat and not giving a source?"

It's like tossing bacon in front of a dog and saying "Stay!" It's just cruel. LOL

Hahaha, I know. Just sorry for sending you on a mad dash, but thanks for clearing up the numbers. #hattip

JD.com Fully Automated Warehouse in Shanghai


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