Alibaba Rival Boasts Robust Singles Day Sales
In attempt to battle Alibaba's dominance this year, JD.com expanded an existing partnership with Tencent, the developer of popular messaging platform WeChat
JD.com, China’s second-largest online retailer, reported $19 billion (127 Yuan) in sales on Singles Day, a 50% rise from the year before, Reuters reported on Sunday.JD.com’s Singles Day sales event began on November 1, according to the company to reduce delivery bottleneck. Rival Alibaba.com, China’s premier e-commerce site, reported $25 billion (168 Yuan) in sales during the company's one-day sales event, a 39% increase from the year before.
Alibaba is the undisputed king of Singles Day. In 2016, 71.2% of all holiday transactions took place on its websites, according to iiMedia's report. JD.com, the runner-up, had 19.6% of the deals.