34+ Singles Day 2020 Alibaba Background. The world's second biggest economy, tipped to be the best in 2020, shows strong signs of health as a staggering us$74.1 billion in gross merchandise volume was transacted. Alibaba, china's biggest company, said its singles day sales this year totaled over $75 billion.
Jd.com inc jd reported $29.1 billion in singles day sales last year.
According to china daily, alibaba's tmall singles day had already hit a whopping 372.3 billion yuan ($56.28 billion) in just 10 days starting from november 1!. The world's second biggest economy, tipped to be the best in 2020, shows strong signs of health as a staggering us$74.1 billion in gross merchandise volume was transacted. Alibaba, using its own metric called gross merchandise value, said at the end of the event that singles day sales across its platforms totaled $74 billion, nearly double last year's record $38.3. On alibaba's singles day, chinese shoppers are set to splurge on foreign brands as fewer travel overseas published thu, oct 29 2020 8:56 pm edt updated fri, oct 30 2020 2:42 am edt arjun kharpal