Celebrate Tmall Double Eleven with turnover exceeding 498.2 billion yuan
A buying frenzy kicked up a notch in China as the annual Nov 11, Singles Day sales event saw brands ringing up thousand billions of yuan in online sales and customers snapping up imported items via e-commerce.
The annual Nov 11 shopping bonanza entered its final stretch at midnight Wednesday, with gross merchandise volume on platforms operated by Alibaba Group reaching 372.3 billion yuan ($56.4 billion) in the 10 days leading up to the event through its first 30 minutes. As of the early morning of the Nov.12th, Tmall's turnover reached 498.2 billion yuan.
This indicates that China's economic has seen a strong recovery will have far-reaching impact on the future of the full-scale economy.
China Brand ,Shandong Welldone will also make a huge contribution to the future economy.