BEIJING: China’s world-renowned e-commerce company Alibaba Group Holdings has received S $ 114.5 billion worth of goods (orders) during the last 11 days of the ‘One Day Sales Festival’. This is an increase of 14 percent over the same period last year.
At one time in China, the number of people buying goods online was very low. The company has since launched similar sales festivals. It announced various offers and attracted a large number of customers. Launched in 2009, the sales festival has made Alibaba one of the world’s leading e-commerce companies. Since then the company has been running this ’11 day sale ‘event. The discount sales festival held by the company during the period from 1st to 3rd November and 11th November was very fruitful.
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