The volume of Internet sales in the “bachelor’s Day” in China was a record $14.5 billion

BEIJING, 12 November. /Corr. Roman Balandin/. China’s Alibaba, the largest Internet site in the world, in the “bachelor’s Day” for 24 hours sold goods and services totaling 91,22 billion yuan (about $14,53 billion). As stated in the published press release from the company, this figure is preliminary, however, it has become a new daily record for online sales.

Day singles and lonely hearts in China symbolically celebrated 11-th 11-th month. In this holiday online stores give their buyers a large-scale sales, where almost all products are sold with big discount.

Alibaba conducts the sale in the “bachelor’s Day” since 2009. This time it took less than eight hours to the amount of transactions on Alibaba platforms has surpassed in volume all five of last year’s sales on the retail market on the occasion of Thanksgiving, including black Friday and “cyber Monday” ($6.56 billion).

Your own last year’s record of daily sales of 57.1 billion yuan ($9 billion) – the company broke less than 12 hours.

According to the founder and CEO of Alibaba Jack MA, these figures show only a small part of the great potential that lies in the consumption in domestic market of China.

“The middle class in China is about 300 million people. We think that in the next 15 years this figure will be 500 million, which will create a large demand for quality goods and spur economic growth,” he said.

Alibaba Group – the Chinese company working in the field of Internet Commerce. The group has its own electronic payment system Alipay, owns major online stores, Taobao and AliExpress.

Revenue of the company for the 2014-2015 fiscal year (ended March 31, – approx.) amounted to $12.3 billion in profit to 3.9 billion.

In September 2014 the company’s IPO on the new York stock exchange, having gained as a result of placing $25 billion, which became one of the most significant cases in history. Capitalization Alibaba Group is about $197 billion.