https://blogs.ubc.ca/zhexinzhang/2014/11/09/blog-8/
-From Zhexin Zhang’s Blog
Why Alibaba made business more convenient?
As my blog before, https://blogs.ubc.ca/hellojune/2014/10/04/alibaba-i-p-o-the-big-picture/， I’ve already talked about how important Alibaba can be and how huge business it made. Chinese Singles Day(11/11), is China biggest e-commerce sales day,It is even than America’s Cyber Monday. Last year, Taobao.com and Tmall.com took only 8 minutes to reach 100 millions RMB(equivalent to $15.8m) in transaction volume and at the end of that day, transaction volume reached 3.36 billions.How huge the number is!
How Alibaba turned 1111 into $$$$, thanks to e-commerce prowess of China’s Alibaba Group,Singles day become the world largest online shopping day. Alibaba hold the promotion and sales each year on its shopping site on November 11th which is tomorrow. It’s expected to generate about $8.18 billion in sales for Alibaba, up 42% from last year. The start of the day is a joke, It wasn’t long before Alibaba realized the marketing potential of the holiday. Five years ago, Alibaba, which is China’s e-commerce site ,began to holding its own 11.11 sales. So Alibaba really change the online shopping mode and make business more convenient.
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