Spending climbs by 39% on this year's Singles Day
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  • Jimmy at
  • November 15, 2017


Bargain hunters splurged by spending a record 168.2 billion yuan ($25.3 billion) during this year's Singles Day on Saturday, the world's largest daylong discount gala, as e-commerce giant Alibaba Group took the online shopping spree to brick-and-mortar stores and beyond the nation's borders, banking on China's technological prowess.

Spending surged 39.3 percent during 2017's sale - the ninth iteration of the event - as consumers from 225 countries and regions scooped up goods that included apparel, mobile phones and motor vehicles from 140,000 brands that offered promotions during the annual jamboree.

The tech behemoth broke last year's 120.7 billion yuan total shortly after 1 pm, and gained fresh steam as overseas shoppers joined the fray in the afternoon, seeking good deals from China.

Sales on Alibaba's platforms broke last year's total with almost 11 hours of the Singles Day shopping gala to spare.

Gross merchandise volume of the day-long discount topped 120.7 billion yuan ($18.2 billion) as of 1:09 pm Saturday, according to Alibaba's data. This is equivalent to the value of all transactions processed via its Tmall, Taobao and other sister sites a year ago.

Amid fanfare and celebrity razzmatazz, the ninth annual Nov 11 promotion