Business Wire

Alibaba Group Generated RMB268.4 Billion (US$38.4 Billion) of GMV During the 2019 11.11 Global Shopping Festival

HANGZHOU, China--(BUSINESS WIRE)--Alibaba Group Holding Limited (NYSE: BABA) announced that it generated RMB268.4 billion (US$38.4 billion) of gross merchandise volume (GMV) on November 11, 2019, an ...
Business Wire

Alibaba Group Generated US$12 Billion of GMV in the First Hour of the 2019 11.11 Global Shopping Festival

HANGZHOU, China--(BUSINESS WIRE)--Alibaba Group Holding Limited (NYSE: BABA) today kicked off the 2019 11.11 Global Shopping Festival at midnight in China. In the first minute and eight seconds, GMV ...
ZDNet

Alibaba smashes 2019 11.11 record by posting $56b in 2020 GMV with 23 hours to go

Alibaba Group kicked off the main event for its annual 11.11 Global Shopping Festival at midnight local time on Wednesday, with hopes of exceeding the $38 billion in sales it clocked up last year. 30 ...
Investing

What is Gross Merchandise Value (GMV)? An Investor’s Guide to the Platform Economy KPI

If you follow the world of high-growth tech stocks, especially those in the e commerce, ride share, or food delivery sectors, you have undoubtedly heard the term Gross Merchandise Value (GMV). It is ...
Nasdaq

Alibaba Group Generated US$12 Billion of GMV in the First Hour of the 2019 11.11 Global Shopping Festival

The 11.11 shopping festival began in 2009 with participation from just 27 merchants as an event for merchants and consumers to raise awareness about the value of online shopping. More than 200,000 ...