Ali Baba Reports Gross Merchandise Volume On Nov. 11 Of $38.4N, Up 26% YoY

Total GMV settled through Alipay was RMB268.4 billion (US$38.4 billion), up 26% YoY More than 200,000 participating brands 1 million new products launched for 11.11 Cainiao Network processed 1.3 billion delivery

Benzinga · 11/11/2019 19:06
  • Total GMV settled through Alipay was RMB268.4 billion (US$38.4 billion), up 26% YoY
  • More than 200,000 participating brands
  • 1 million new products launched for 11.11
  • Cainiao Network processed 1.3 billion delivery orders
  • Top five countries selling to China through our cross-border platforms by GMV: Japan, United States, South Korea, Australia, Germany
  • 299 brands surpassed RMB100 million (US$14.3 million) and 15 of those brands surpassed RMB1 billion (US$143.0 million) in GMV; top brands included: Apple, Bose, Estée Lauder, Gap, H&M, L’Oréal, Levi’s, MUJI, Nestlé, Nike, Philips, The North Face, Under Armour, Uniqlo