On the evening of November 1, Double 11 opened, and the US stock e-commerce sector rose. Alibaba opened more than 4% at $171.9 a share, with a total market capitalization of $470 billion.
AI Finance and Economics calculated that around half an hour after the opening of the US stock market, Alibaba's market value rose by more than 16.5 billion US dollars (about 105.5 billion yuan), JD.com's market value rose by more than 5.3 billion US dollars (about 34 billion yuan), and Pinduoduo's market value rose by more than 5 billion US dollars (about 32 billion yuan). The value of the three major e-commerce Chinese stock markets rose by more than 170 billion yuan.
AI Finance and Economics has learned that Tmall said that at 00:00 on November 1, the first wave of Tmall Double 11 was officially launched. According to incomplete statistics, in the first hour of sale, the turnover of more than 2600 brands exceeded the whole day of last year.
Jingdong double 11 activities were launched at 8 p.m. on October 31, according to the war report released by Jingdong's official Weibo, Jingdong double 11 ushered in a good start, and Apple's iPhone 3 second turnover exceeded 100 million. According to the data released by JD.com, in the four hours starting at 8 p.m. on October 31, JD.com sold more than 190 million pieces of goods; and within two hours as of 22:00 on the 31st, more than one million consumers across the country had received packages from JD.com 11.11.
Pinduoduo's side is not willing to show weakness, and further upgraded on the basis of tens of billions of subsidies, opening the double 11 opening of Pinduoduo's tens of billions of subsidies. (Text | AI Finance & Economics Zhao Hao)
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