Chinese spend billions shopping online on 'Singles Day'
12 November, 2017, 00:51 | Author: Paula Vaughn
In 2016, $17.8 billion was taken in gross merchandise value over the full 24 hours - itself up 32 percent from 2015 and roughly equal to the annual economic output of Mozambique.
With those numbers, not Black Friday, Cyber Monday or Valentine's Day, can compete with Singles' Day as of yet.
China is already the world's largest e-commerce market and the share of online shopping that makes up all consumer spending grows every year.
The massive, promotion-driven shopping event in China that drives the biggest one-day online sales in the world, is not the natural setting for high-end luxury brands - so e-commerce marketplace Alibaba made a place for them.
Alibaba, the Chinese e-commerce giant, said its Singles' Day sales extravaganza hit 168.3 billion yuan (S$34.6 billion), smashing its own record from previous year and cementing it as the world's biggest shopping event.
Five minutes after midnight, Alipay was processing 256,000 payment transactions per second, doubling last year's high-water mark, Alibaba said.
More than 90 percent of orders were placed via mobile, the majority of which on Alibaba's main e-commerce platform Taobao.com (淘寶).
The video streaming app that arrives first to the Nintendo Switch is not Netflix, however, as the distinction goes to Hulu. The console is so popular that it could sell more in a year than Wii U sold in its entire lifetime.
Bob Forsch (1980, 1987) and Jason Marquis (2005) are the only previous Cardinals pitchers to win a Silver Slugger Award. Two members of the Cleveland Indians were among eight 2017 Silver Slugger Award recipients.
Six teams have a 100 percent GSR: men's fencing, rifle, pistol, men's volleyball, women's tennis and women's volleyball. More specifically, 14 Ohio State programs are equal to or ahead of the national GSR for their sports.
Mrs Trump, 47, visited the Beijing Zoo as part of a state visit with her husband, President Donald Trump. POTUS traveled to Vietnam, where he will attend meetings for the Asia-Pacific Economic Cooperation.
Nassar's case was part of a wide-ranging scandal which forced the resignation of USA Gymnastics chief Steve Penny previous year . In 1996, he was named national medical coordinator, a position he held until the summer of 2015.
The system will also let you load money onto a virtual debit card that can then be used to purchase items from websites. If you're up for it, you can download the iOS 11 .1.1 update for free on all eligible devices via the OTA mechanism.
Janney Montgomery Scott Limited Liability Company owns 0.05% invested in NVIDIA Corporation (NASDAQ: NVDA ) for 29,316 shares. This compares to the consensus estimates from Thomson Reuters that called for $0.94 in EPS and $2.36 billion in revenue.
This would especially be beneficial for the larger iPad Pro which has the same design as the first-gen model from 2015. It was only a matter of time before Apple would port its iPhone X ( Amazon, $1234.55 ) features to an iPad.
Users can browse through all of your phone's content by downloads, received files, images, videos, audio, and documents. To use the app, both sender and receiver need to have the app opened and use the Send and Receive file option.
RT has become a focus of the USA investigations into alleged Russian interference in the 2016 presidential election. She added: "We will continue to work and continue to fight this as long as it's possible".
On November 8, Flynn published an op-ed piece in The Hill that called Gulen "a shady Islamic mullah" and a "radical Islamist". The sources could not confirm whether, in the meeting, Rohrabacher and Flynn discussed US policy toward Russian Federation .
The NFL could have allowed Elliott to play either last week or this week because of the timing of the courts' decisions. Elliott, a Pro Bowler as a rookie last season, ranks second in the National Football League with 783 rushing yards.
Veterans' Day Events to be held around Clare County
Shaw Elementary School held its annual Veterans Day assembly on Tuesday, Nov. 7, with over two dozen area veterans in attendance. Groups from the school system participating included music ensembles from Veterans Elementary and the Howard High School JROTC.
JC Penney Comp Store Growth Higher Than Expected
To avoid making a mountain out of a molehill, let's see whether today changed the technical posture of JCP stock's death spiral. It has underperformed by 16.70% the S&P500.The move comes after 6 months positive chart setup for the $7.02 billion company.
Taylor Swift to perform new song during ABC's 'Scandal'
Once the album is sent to the streaming services and prepared for release, it can be officially posted in a matter of hours. She also shared the track list , thrilling fans with soon-to-be-heard collaborations with Ed Sheeran and Future.
Twitter Pauses Verifications After Giving Neo-Nazi a Blue Check
Get tech news in your inbox weekday mornings. "Looks like I FINALLY got verified by Twitter ", Kessler wrote in a tweet Tuesday. Kessler's verification spawned an uproar among Twitter users, as it was seen as the company's endorsement of Kessler's beliefs.