Alibaba shopping festival: $1 billion sales in 85 SECONDS!

Alibaba's annual Global Shopping Festival smashes through $1 billion in sales in just 85 seconds.

@anthony256
Published Mon, Nov 12 2018 7:01 PM CST   |   Updated Tue, Nov 3 2020 11:50 AM CST

Alibaba has just hosted its annual Global Shopping Festival, which last year sold $30.8 billion of products through 230 countries in just 24 hours, representing a huge 27% increase over the $25.3 billion in sales from the 2017 sales.

But now, Alibaba has a huge milestone for its 2018 annual Global Shopping Festival with a huge $1 billion sold in 85 seconds and $10 billion sold in the first hour. Considering how big the US market is and how popular Black Friday sales are, Black Friday 2017 saw $5 billion in online sales... a number that doesn't begin to come close to the first HOUR of Alibaba's annual sale this year.

Some of the biggest brands in the world are involved in Alibaba's annual Global Shopping Festival (AKA Singles Day), including Apple, Dyson, Nike, and many others.

Alibaba shopping festival: $1 billion sales in 85 SECONDS! | TweakTown.com
NEWS SOURCE:engadget.com

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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