Alibaba’s Single Day sales 5 times US Black Friday+ Cyber Monday
Alibaba Group Holding Limited (NYSE:BABA) announced that US$25.3 billion (RMB168.2 billion) of gross merchandise volume (GMV) was settled through Alipay on November 11, 2017, (Single’s Day) an increase of 39% compared to 2016. Mobile GMV settled through Alipay accounted for 90% of total GMV. The most recent quarter Alibaba’s revenue surged by 61 percent thanks …