China’s Singles Day, which became a bona fide shopping holiday when the e-commerce giant Alibaba began promoting the item a decade ago, broke all the company’s previous records Sunday by bringing in $30.8 billion in gross merchandise volume (GMV). According to Alibaba, This specific is actually a 27% increase through last year’s Singles Day, when sales hit $24.1 billion in GMV.
To compare, Amazon’s biggest single sales day was Prime Day in July, which brought in an estimated $4 billion.
Singles Day sales have been on an upward trajectory since Alibaba first began promoting sales tied to the holiday. Singles Day 2017 saw a 39% increase in GMV compared to 2016, when the item brought in roughly $17.8 billion in GMV. In 2015, Singles Day brought in $14.3 billion in GMV.
Imported products, whose sales have grown in China as more Chinese enter the middle class, are some of the most favorite products people buy on Singles Day each year. Alibaba reported 237 international brands exceeded $14.3 million in GMV on Singles Day, including Apple, Dyson, Kindle, Estée Lauder, L’Oréal, Nestlé, H&M, along with Gap. Nike, Adidas, along with Uniqlo exceeded $143 million in GMV.
Amazon reported its top-selling products on Prime Day This specific year were the Fire TV Stick with Alexa Voice Remote along with Echo Dot. yet the top-selling imported items on Sunday’s Singles Day shopping event weren’t clothing or electronics. Instead, people bought a lot of food.
Infant along with toddler nutrition was another of Alibaba’s Singles Day top-selling imported product categories.
Serums, face wash, makeup remover, along with emulsions also made the item to Singles Day’s top-seller list.
Alibaba told BuzzFeed News that will 1.1 million hairy crabs were sold on Tmall, Alibaba’s direct-to-consumer site, just from the first hour of Singles Day. A majority — 0,000 — came through the Yangcheng Lake in Jiangsu Province.
Shoppers bought 13.6 million Ecuadorian white shrimp on Singles Day This specific year, which is actually a 591% increase through last year. They also bought 2.8 million Canadian cold water shrimp.
Sales of Australian milk grew tenfold This specific year compared to last year from the first hour of Singles Day. Shoppers also bought about 1.37 million Australian steaks.