Free Newsletters - Space - Defense - Environment - Energy
..
. Medical and Hospital 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




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





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
UN launches $300m appeal as warships head to Philippines

Obama calls Philippine president in wake of typhoon

Philippine typhoon survivors hope to escape apocalypse

US, British warships sent to typhoon-hit Philippines

INTERNET SPACE
How pigeons may smell their way home

UK conservationists using location-based system ManagePlaces

A Better Way to Track Your Every Move

China's satellite navigation system to start oversea operation next year

INTERNET SPACE
Scientists tracking Brazilian wildlife find ancient cave paintings

Study: Humans made sophisticated stone tools earlier than thought

Did hard-wired fear of snakes drive evolution of human vision?

Hair regeneration method is first to induce new human hair growth

INTERNET SPACE
Understanding ourselves by studying the animal kingdom

Three Chinese in Tanzanian court over ivory haul

Rare New Microbe Found in Two Distant Clean Rooms

U of M scientists solve major piece in the origin of biological complexity

INTERNET SPACE
France okays home tests for HIV

Researchers find HIV's 'invisibility cloak'

Breakthrough in hunt for HIV vaccine

Poultry market closures do well to halt bird flu: study

INTERNET SPACE
China's Uighurs blame violence on abuses, not jihad

China reforms officials' marks to stop petitioner abuse: media

Tibetan monk sets himself on fire in China: reports

Dalai Lama potential successor tells China to clean up Tibet

INTERNET SPACE
Spain jails six Somalis for piracy

Pirates kidnap two American sailors off Nigeria

Seaman Guard owner to fight arrest of ship's crew in India

Somali pirates on trial for seizing French yacht

INTERNET SPACE
China Communist Party vows to deepen reforms at key meeting

Walker's World: Are the Germans right?

China to allow more private investment in state firms: report

Outside View: Slowing growth clouds U.S. jobs outlook




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