At the 11/11 Alibaba Shopping Festival, the world's largest trade festival, it again set a record.
Alibaba will receive a total of 268 billion won on various platforms Taobao, Timol, Timol Global, Ali Express and Kaora for 24 hours from 0am to midnight, the day before, in the press room of Hangzhou City, Hejiang Province. It is said to have made a deal with the yuan (about 44.6 trillion won). This year's trading volume increased by 25.7% compared to the same period last year.
On the other hand, the growth rate fell to the lowest level since the first festival in 2009, and in 2010 was a phenomenal increase of 1772%.
Chief executive Taobao Timol, executive director of this year's event, met with reporters and said, "The numbers don't matter." Stressed
Some officials, such as Chinese state media, said Alibaba's performance at this year's shopping festival still showed the potential of China's domestic market.
Meanwhile, between 0 and 1am, 84 brands in China sold more than 100 million yuan (about 16.6 billion won), including after Samsung Electronics and LG H&H cosmetics brands in Korea and Three Filas Propaganda on Korean companies were notable.