PEKIG – Alibaba, the Chinese trade trademark, has set a new record for Sun Day, as the company has sold a value of $ billion of products in 85 seconds.
The company announced that its sales rose one billion dollars in just one minute and 25 seconds on Saturday, CNN reported.
Over Samac Day, more goods are sold than during Black Friday and Cyber Monday with each other.
This growth came at a very significant time when Alibaba was under pressure due to slowing down the Chinese economy, new competitors in the e-commerce industry, and a commercial war with the US.
In the meantime, Alibaba broke its annual revenue forecast by six percent earlier this month.
The single day in China is celebrated since the 1990's, when the students chose that day as peers to Love Day, so that people who were not involved could buy for themselves, reported Klix.ba.
Alibaba, who supported the initiative, turned the holiday to people who liked shopping.
On this day, other Chinese e-commerce platforms, such as JD.com, also take part.
Since this year, Alababin branch of Lazada in South East Asia will offer discounts outside China, Singapore, Malaysia, Indonesia, Thailand and Vietnam.