Alibaba on Wednesday settled $14.3 billion worth of gross merchandise volume via Alipay, the company’s online payment solution, during China’s 11.11 Global Shopping Festival. That surpassed last year’s $9.3 billion. Mobile GMV settlements accounted for about 70 percent of this year’s sales. By 2 p.m. China time, more than 70 million mobile buyers had made purchases worth $7 billion, and Cainiao Logistics, the Alibaba Group’s logistics affiliate, had received 310 million delivery orders.
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Alibaba Crushes Global Online Shopping Day
Posted by: Richard Adhikari November 13, 2015 12:54 PMAlibaba on Wednesday settled $14.3 billion worth of gross merchandise volume via Alipay, the company’s online payment solution, during China’s 11.11 Global Shopping Festival. That surpassed last year’s $9.3 billion. Mobile GMV settlements accounted for about 70 percent of this year’s sales. By 2 p.m. China time, more than 70 million mobile buyers had made purchases worth $7 billion, and Cainiao Logistics, the Alibaba Group’s logistics affiliate, had received 310 million delivery orders.