Jaw-dropping stats from this year's Singles' Day
Just when you thought
Singles' Day couldn't possibly get any bigger, this year's shopping
spectacular has managed to smash all previous records, proving that
nothing cures loneliness better than a bit of retail therapy. At this
rate though, calling Singles' Day an annual retail event is a bit like
calling Godzilla a lizard. Last Singles' Day, Alibaba generated a
monstrous 17.8 billion USD, compared to Cyber Monday's 6.6 billion USD
and Amazon Prime Day's piddly 1 billion USD.
This
year, bargain hunters from 225 countries across the globe took part, with many also tuning in to catch this year's Singles' Day gala
(think Super Bowl halftime show meets Olympic opening ceremony).
Featuring performances from Pharrell and Jessie J, Aussie actress Nicole
Kidman also made an appearance, introducing a short kung fu film
starring Alibaba founder Jack Ma (yes, really).
To get the
full scope of just how massive Singles' Day is, check out this list of
some of the more astounding stats from this year's bonanza.
168 billion RMB
That's
the total amount of money spent by lonely shoppers on November 11. It
took just 13 hours for this year's Singles' Day to bypass last year's
record of 121 million RMB, eventually closing out the day with a 39
percent increase in sales.
3 minutes, 1 second
The
absolutely infinitesimal amount of time it took for sales to hit 10
billion RMB, beating last year's record of 3 minutes 57 seconds.
Overall, some of the most impressive stats occurred just after Singles'
Day kicked off, with the sales tally hitting 100 million RMB after just
11 seconds and 1 billion RMB after two minutes.
256,000 per second
At
its peak, Alipay was handling roughly 256,000 transactions per second,
more than double last year's record. Over the course of the entire day,
Alipay would go on to process a total of 1.48 billion transactions (up
41 percent) with roughly 90 percent of total purchases made via smartphone.
812 million
The
number of parcels delivered from Singles' Day purchases alone. By
Wednesday this week, that number's expected to top out at 1.5 billion.
9.30am
With
the expectation of speedy delivery from shoppers, Chinese railway
services added additional high-speed trains to expedite the arrival of
Singles' Day purchases. By Saturday morning, over 100 million parcels
had already been processed and dispatched.
140,000
140,000
brands, both local and international, participated this year, in
comparison to only 100,000 last year. The top five imported brands were
Swisse, Aptamil, Kao Merries, Moony and Bio Island – suggesting that while you may be single, there's absolutely no need to neglect your health.
82
Singles'
Day helped 82 brands surpass over 100 million RMB in sales, with some
of the biggest winners being Apple, Nike, Adidas, Xiaomi, Uniqlo, Estee
Lauder, Zara, Dyson and L'Oreal.
Can't get enough shopping? Hit 'Read more'.
More from Time Out Beijing
3 to try... again: Beijing's best comeback bars
10 traditional Chinese beauty products you need in your life