Alibaba's Singles Day sales hit $31.82 billion

Hangzhou (China): E-commerce giant Alibaba's Singles' Day sales on Monday hit a record $31.82 billion in sales, crossing its previous record of $30.8 billion

in 2018.

In 16 hours, 31 minutes of the event going live, the total gross merchandise value (GMV) exceeded $31.82 billion (about RMB 223 billion), surpassing the total 2018 GMV of $30.8 billion. In 16 hours and 33 minutes, the number of delivery orders exceeded 1 billion, surpassing the total number of delivery orders of 2018 11.11, Alibaba said.

"This was 6 hours and 45 minutes faster than the time when the same record was achieved in 2018," the Chinese e-commerce giant said. Alibaba Group Holding Ltd on Monday kicked off the 2019 11.11 Global Shopping Festival at 0000 hours on Monday as per Chinese time.

In the first one minute and eight seconds, GMV settled through Alipay reached $1.0 billion (RMB 7.0 billion). In the first one hour, GMV settled through Alipay reached $12.0 billion (RMB 84.0 billion).