Alibaba (9988.HK) has seen over $56bn (£42.2bn) in orders made through its e-commerce sites during its Singles’ Day shopping event, the company announced on Wednesday.
As many as 16 million discounted products have been bought through the online shopping platform as part of the four-day event.
Alibaba said gross merchandise volume (GMV) had exceeded 372.3bn yuan ($56.3bn) with orders peaking at a record 583,000 per second. The sale included over 2 million discounted products — double the number from last year, when GMV for 11 November reached a record $38.4bn.
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