If you hadn't heard,Watch Batman Death in the Family Online Saturday's Singles' Day sale in China absolutely smashed last year's already phenomenal record, bringing in $25 billion in a day on a single shopping site — Alibaba Taobao.
Over in Southeast Asia, a quieter storm is brewing, but it's an important indicator of a market that's rapidly embracing ecommerce.
SEE ALSO: Chinese shoppers spent $25 *billion* on Alibaba's Singles DayLazada — incidentally majority owned by Alibaba — is of the more popular ecommerce sites that sells across the region comprising countries like Singapore, Malaysia, Thailand, and Indonesia.
Saturday's sale netted Lazada a pretty respectable $123 million in sales, or 6.5 million items, nearly three times last year's performance.
Lazada also noted that more than 70 percent of orders were done on mobile phones, which many in the region's emerging markets use as their main internet devices, as opposed to desktops.
Lazada's Thailand warehouse
Via GiphyLazada is Alibaba's early dibs on a young and keen market.
This figure was corroborated by commerce tech firm Criteo, which said about 75 percent of transactions went through mobiles, with most of those in apps.
Criteo also said that Singles' Day sales volume across the region, which includes Lazada, outperformed last year by more than double.
It's easy to dismiss Lazada's $123 million, given that it's less than one percent of Taobao's big day in China by comparison. But considering the shopping holiday is nowhere near the cultural phenomenon it is in China, and that nearly no retailers offline contributed to the buzz, the new record reached shows more people are used to buying online.
Hootsuite data shows internet penetration in Southeast Asia is just over half now, with 80 million new users coming on in 2016, at a growth rate of 30 percent.
Alibaba spotted the region's potential, and injected another $1 billion into Lazada in June this year, to now own 83 percent of the company.
As internet penetration and middle class affluence rises in many of the region's populous countries, Alibaba is primed to unlock its next big market outside of its home base.
Topics Black Friday
Was COVID the death of the college Facebook meme group?Wordle today: Here's the answer and hints for August 21The Best MedicineUSDA announces $667 million ReConnect Program for rural internet accessIslands in the StreamTinder's background check partner Garbo has ended the relationshipLocal Business'Quordle' today: See each 'Quordle' answer and hints for August 22, 2023USDA announces $667 million ReConnect Program for rural internet accessA Travel TripThe Morning News Roundup for July 21, 2014Is Friend.tech, the crypto social media app, a scam?Thomas Berger, 1924–2014Britney Spears' first iPad is heartwarming, but alarms some fansIslands in the StreamMario voice actor Charles Martinet 'stepping back' from roleFor the trees: A quest to protect Australia’s forestsTwitter to update 'follow' button redesign after lots of confusion and unfollowsThe Morning News Roundup for July 23, 2014Best speaker deal: JBL Boombox 3 on sale for 20% off at Amazon Google: Oops, we may have sent your private Google Photos videos to strangers Today is the first global palindrome day in 909 years. Another one won't happen for 101 years. You just lived through the warmest January on record Twitter launches text descriptions for GIFs Drowning horse saved by father and son, after collapsing in their doorway Here's the 'Back to the Future' Cybertruck mashup you never knew you needed Elon Musk's latest song is a hit on SoundCloud Man says he caused fake traffic jams on Google Maps with 99 phones Mama alligator leads her 16 babies across a golf course, because Florida Little girl shuts down a salesperson who asks her to choose a different doll Owner gives adorable 3 Turns out that busted Iowa Caucuses app was also extremely hackable YouTube reveals strategy for fighting misinformation ahead of 2020 elections Pepsi pulls cringeworthy Kendall Jenner ad after massive backlash Apple News' 2020 election hub shows promise despite a few missteps Lyft will offer free rides for voters during the 2020 primaries Australian firefighters get their own Funko Pop to help animals impacted by the bushfires The states with the most and least access to decent, affordable internet Professor brings her kid to class dressed as Godzilla and everyone loved it Nevada will no longer use app from Iowa caucus meltdown (UPDATE)
2.5984s , 10133.15625 kb
Copyright © 2025 Powered by 【Watch Batman Death in the Family Online】,Creation Information Network