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Alibaba Has Just Sold More Goods In 86 Minutes Than Amazon And Flipkart Together Sold In 2018
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Chinese e-commerce giant Alibaba has just sold more goods in 86 minutes than Amazon and Flipkart together sold in all of 2018. One hour and 26 minutes into Alibaba’s flagship Single’s Day sale, Alibaba had sold goods worth $17 billion (Rs. 1,20,000 crore). In comparison, Amazon had sold goods worth $7.5 billion in FY18, and Flipkart, along with group companies Jabong and Myntra, had also sold goods of roughly this value. Amazon and Flipkart’s annual GMV, thus, put together at $15 billion, is less than the $17 billion that Alibaba sold in one hour and 26 minutes on Single’s Day.
