Alibaba’s Spectacular Singles Day

November 23, 2015
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Alibaba’s Spectacular Singles Day

Alibaba processed $14 billion in sales on its platforms during the 24 hours of “Singles Day” (11/11/15). On the day when Chinese consumers flock to buy things online and in retail shops, Alibaba seems to have risen to the top of the sales charts. An important part of this was sales of international products, which Alibaba says generated higher value in the first 2 minutes of Singles Day than they did in the entire 24 hours of Singles Day 2014. The company is striving for a greater portion of international products on Taobao and T-mall. Sales of counterfeit products still plague Alibaba. After more than 3 years of tackling the issue, including building algorithms and other technical ways to combat the sales of counterfeit items and spending $161 million on solutions, the volume of sales of counterfeit products is declining.

Niko Partners on Twitter

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  • China Issues IP Infringement Rules https://nikopartners.com/china-issues-ip-infringement-rules/ …
  • Xiaomi leads the list of 11 Chinese start-ups you need to know, as reported by Business Insider http://www.businessinsider.com/most-valuable-chinese-startups-2015-11 …
  • US$2.4 Billion In Revenue in Southeast Asian for Online And Mobile Games By 2019 http://insidegamesasia.biz/us2-4-billion-in-revenue-in-southeast-asian-for-online-and-mobile-games-by-2019/ …
  • Alibaba Acquires Youku Tudou http://insidegamesasia.biz/alibaba-acquires-youku-tudou/ …
  • China doubles down on Hollywood http://www.ejinsight.com/20151110-china-doubles-down-hollywood/ …
  • China Cracks Down On Internet Music Services http://on.tcrn.ch/l/Zyqu
  • Great advice. Want to Protect Your IP from China? Throw Your NDA in the Waste Basket http://trov.es/1MT5c3Z
  • What Is Tencent? http://on.wsj.com/1kkofaY
  • Steam Supports Chinese RMB https://nikopartners.com/steam-supports-chinese-rmb/ …
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