JD.com gained 5% as it crushed its Singles Day sales record

Tiger Newspress2021-11-11

JD.com rose more than 5% in morning trading alongside news that the company has pushed through its Singles Day sales volume record.

The sales holiday had resulted in 311.4 billion yuan (about $48.6 billion) in transaction volume as of 2:09 p.m.; at that point there were several hours left in a now-extended Singles Day.

Last year JD volume hit 271.5 billion yuan (which doesn't directly translate into revenue as it's business transacted across its platforms).

As with Black Friday in the United States, Singles Day used to be a 24-hour sales event but has stretched out. JD offered a presale period from Oct. 20-Oct. 31, one reason that it's easier to break records now.

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精彩评论

  • MHh
    2021-11-12
    MHh
    11/11 is a great day for both e-commerce companies and related industries as well as consumers!
    • Venus_M回复MHh
      everytime want to buy food voucher often see selling in 2s [无语]  at times got to even ask seller one can dine? otherwise buy liao can't even utilise
    • MHh回复Venus_M
      So clever!
    • MHh回复Venus_M
      [Grin]
    • Venus_M回复MHh
      ya lah [笑哭]
    • MHh回复Venus_M
      I’ve never saw or thought of it that way! Haha
  • koolgal
    2021-11-12
    koolgal
    JD you did it again!  Have more Singles Day to to ring in more sales! Go JD! 🚀🚀🚀🌙🌙🌙
  • Barbarazhao
    2021-11-12
    Barbarazhao
    Good news indeed
  • SamYYL
    2021-11-12
    SamYYL
    Like 
  • kenlim45
    2021-11-12
    kenlim45
    Good 👍 
  • FannyNg
    2021-11-12
    FannyNg
    With the popularity of online shopping, wonder how long can brick and mortar retailers survive? 
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