Two major Chinese online shopping platforms have reported purchases worth 35 billion RMB yuan in just one day. Tmall and Taobao, reported the purchases were made on Monday, also known as Single’s Day in China, when mostly single young people in the country indulge themselves in shopping.
Both the platforms, owned by China’s e-commerce giant Alibaba, saw 170 million transactions during the day. Alibaba says the sales on the two platforms rocketed to 100 million yuan in the first minute of the day, with more than 13 million buyers placing orders.
More than 20,000 sellers on the platforms promised massive discounts, mostly half price. By one o’clock in the afternoon the sales had beaten last year’s record of 19 billion yuan.
According to China’s Ministry of Commerce, online sales in the first three quarters this year have already reached the total amount of 2012.