E-commerce records were smashed by Alibaba on its Singles Day sale recently, despite an ongoing US/China trade war.
The 2018 edition of the 11/11 Singles Day Sale brought in a record $30.8 billion (213.5 billion yuan), beating Amazon’s Prime Day, as well as both US shopping holidays Black Friday and Cyber Monday combined.
The record $30.8 billion in sales marks a 27-percent increase from 2017.
Boasting 666 million active monthly users, Alibaba has users totaling more than twice the population of the US, which definitely helped.
Alibaba’s main rival, JD.com, with backing from Walmart, Google, and Tencent, also posted its own Singles Day volume of $23 billion (160 billion yuan).
This proves the market for the Asian-based e-commerce company, V-MORE as it has a strong focus on South-east Asia, including China and it will begin to flex its muscle on V-MORE’s Black Friday Extravaganza Sale starting on 19th November 2018.
Although no V-MORE Singles Day sale was planned this year, it will be a goldmine that will not be ignored in 2019 and plans are already in the works to present its version of the sale in a brand new, soon to be revealed way.
V-MORE aims to take on the giants in the industry and become one of the world’s leading e-commerce platform and marketplace for high-quality products that proved to be value for money.
Its vision and mission to incentivize both merchants and consumers alike, making it mutually beneficial to transact on the platform will definitely be a game changer.