Beijing, November 11, 2015 – Alibaba Group Holding Limited (NYSE:BABA) announced that USD10 billion (approximately RMB63.6 billion) of GMV was settled through Alipay on Alibaba’s China and international retail marketplaces as of 2:05 p.m. China Time during the 2015 11.11 Global Shopping Festival. Mobile GMV settled through Alipay accounted for 70 percent of the USD10 billion.1
Additional highlights include:
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About Alibaba Group
Alibaba Group's mission is to make it easy to do business anywhere. The company is the largest online and mobile commerce company in the world in terms of gross merchandise volume. Founded in 1999, the company provides the fundamental technology infrastructure and marketing reach to help businesses leverage the power of the Internet to establish an online presence and conduct commerce with hundreds of millions of consumers and other businesses.
Alibaba Group's major businesses include:
1 Gross merchandise volume ("GMV") is the total amount settled through Alipay on Alibaba's China and international retail marketplaces. All 2015 11.11 GMV and other figures are subject to final auditing following conclusion of the event.