Subscribe free to our newsletters via your
. Space Travel News .




INTERNET SPACE
China Singles Day online shoppers spend almost $6 bn
by Staff Writers
Beijing (AFP) Nov 12, 2013


Chinese shoppers spent a record 35.0 billion yuan ($5.7 billion) at the country's biggest online marketplaces on Singles Day, their operator said Tuesday, after the festival created by e-tailers to persuade the loveless to console themselves with retail therapy.

November 11 -- or 11.11 -- was proclaimed as "singles' day" because of the number of ones in the date, with sellers promoting discounts to the nation's singletons as well as price-sensitive buyers, and it is now China's busiest shopping day.

Consumers snapped up everything from mobile phones to cars to diamond rings, reports said.

They paid 35.0 billion yuan on Tmall and Taobao, the two shopping platforms of Chinese e-commerce giant Alibaba, up 83 percent on last year, the company said in a statement.

That was more than 10 times the average daily turnover on the two virtual marketplaces last year, according to a research report cited by Chinese media.

More than 402 million users visited the two sites on Monday, double last year's number, Alibaba added.

"It was crazy buying stuff on Taobao during 11.11 -- just like picking up things for free," said a user on Sina Weibo, a Chinese equivalent of Twitter.

Sales figures from other e-tailers are yet to be announced, but analysts estimated the combined value of transactions on the country's top 10 operators would exceed 80 billion yuan, the state-run Economic Information Daily reported.

Bestsellers ranged from mobile phones to insurance policies to sweaters and underwear, and one online auto seller has sold more than 13,000 cars worth two billion yuan by Monday afternoon, reports said.

According to the official Xinhua news agency, a woman identified only by her surname Huang paid five million yuan as a deposit at a Tmall store for a 13.3-carat diamond ring with a 20.5 million yuan price tag.

.


Related Links
Satellite-based Internet technologies






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








INTERNET SPACE
China shoppers embrace online spending spree for singletons
Beijing (AFP) Nov 11, 2013
Chinese shoppers spent billions of dollars online Monday, data showed, as they took advantage of discounts offered on Singles Day, a festival created by e-tailers to persuade the loveless to console themselves with retail therapy. November 11 - or 11.11 - was proclaimed as "singles' day", because of the number of ones in the date, with sellers promoting discounts to the nation's singletons ... read more


INTERNET SPACE
ASTRA 5B lands in French Guiana for its upcoming Ariane 5 flight

Kazakhstan say Baikonur launch site may be open to Western countries

ESA Swarm launch postponed

Europe's fifth ATV for launch by Arianespace begins its pre-flight checkout at the Spaceport

INTERNET SPACE
India Mars mission back on track after engine glitch: scientists

Opportunity Maneuvering Around A Dune Field

ExoMars Lander Module Named Schiaparelli

Prolific NASA Mars Orbiter Passes Big Data Milestone

INTERNET SPACE
NASA's GRAIL Mission Puts a New Face on the Moon

Moon mission yields clues to face of 'man in the moon'

Shanghai-built lunar rover set for lunar landing

Crowdfunded Lunar Spacecraft Reaches Funding Milestone

INTERNET SPACE
The Sounds of New Horizons

On the Path to Pluto, 5 AU and Closing

SwRI study finds that Pluto satellites' orbital ballet may hint of long-ago collisions

Archival Hubble Images Reveal Neptune's "Lost" Inner Moon

INTERNET SPACE
NASA Kepler Results Usher in a New Era of Astronomy

Astronomers answer key question: How common are habitable planets?

One in five Sun-like stars may have Earth-like planets

Mystery World Baffles Astronomers

INTERNET SPACE
Wind Tunnel Testing Used to Understand the Unsteady Side of Aerodynamics

NASA and Sweden to test High Performance Green Propulsion technology

Russia Mulls Development of New Super-Heavy Carrier Rocket

Long March-3, Chang'e probes vital to space program

INTERNET SPACE
China shows off moon rover model before space launch

China providing space training

China launches experimental satellite Shijian-16

China Moon Rover A New Opportunity To Explore Our Nearest Neighbor

INTERNET SPACE
When is a comet not a comet?

'Freakish' asteroid discovered, resembles rotating lawn sprinkler

It's Complicated: Dawn Spurs Rewrite of Vesta's Story

Surprising Recent Discoveries of Three Large Near-Earth Objects




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement