Taobao Generates 1 Billion Yuan in 37 Minutes on Singles Day
Today is November 11, Singles Day in China.
Chinese E-commerce giant, Taobao （Taobao Marketplace is a Chinese language web site for online shopping, similar to eBay and Amazon, operated by Alibaba Group，its annual turnover has hit 1000 billion Yuan last year）broke several records just now:
in the first 10 minutes, the turnover exceeded 250 million RMB;
turnover of those exclusive online Shops like Camel, GXG and Jack Jones exceeds 10 million RMB in 15, 20, 23 mintues respectively;
in only 37 minutes, the turnover on Taobao has exceeded 1 billion RMB in all!
This news has already appeared on more than 1 million website in China.
Even Chinese netizens are shocked by the data:
So many, that’s too… I will go shopping too
That’s only the data retrieved from Alipay, (Chinese Paypal) it should be over 1.5 billion, considering others, right?