China's JD.com, Alibaba rival, reports $19.1 billion in shopping event sales
JD.com, China`s e-commerce behemoth, said on Sunday that sales for Singles` Day - and its run-up - reached 127.1 billion yuan ($19.14 billion), up 50 percent from a year ago.
Sales included 11 days of transactions, JD said in a statement, unlike its rival Alibaba, which reported on Saturday that its one-day sales reached 168.3 billion yuan ($25.35 billion), up 39 percent from last year.
Singles` Day, an annual 24-hour buying frenzy that takes place in China on Nov. 11, has emerged as the world`s biggest shopping event. It exceeds the combined sales for Black Friday and Cyber Monday in the United States.
JD started its sales event on Nov. 1, to reduce delivery bottlenecks and to give users more time to make their purchasing decisions, it said.
Fresh foods and cosmetics were some of the online retailer`s biggest movers, with JD selling 500,000 Thailand black tiger shrimp and 55 million facial masks over the period.
The company also said it sold 500 million yuan in air conditioners over a 30-minute period, and 100 million yuan in televisions over a one-minute period.($1 = 6.6399 Chinese yuan renminbi)
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.