Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Reuters
Reuters
Business

China's JD.com, Alibaba rival, reports $19.1 billion in shopping event sales

FILE PHOTO - A sign of China's e-commerce company JD.com is seen at CES (Consumer Electronics Show) Asia 2016 in Shanghai, China, May 12, 2016. REUTERS/Aly Song/File Photo

BEIJING (Reuters) - 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.

(Reporting By Matthew Miller, editing by Larry King)

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.