Pak Exam MCQs
A. $30 Billion
B. $32 Billion
C. $36 Billion
D. $38 Billion
Answer & Solution
Option: D
Explanation :Alibaba Chinese multinational e-commerce claimed that products worth $38.4 billion were sold from its platform. Most users bought electronic products and fashion items on the 11th edition of the Singles Day shopping event.
In 2009, Alibaba group started a shopping event on 11th November called Single’s Day. The annual event soon gained more popularity than the Black Friday and Cyber Monday shopping sales. The sales on this year Single’s Day are equal to 80% of Amazon’s sales in the latest quarter.
The shopping event for 2019 kicked off with a live performance by Taylor Swift. According to Alibaba executives the platform sold products worth $1 billion just 68 seconds into the annual event. It only took Alibaba 30 minutes to reach the $10 billion mark.
Here’s the breakdown of the sales value each year since its launch:2009: $10 Million
2010: $140 Million
2011: $800 Million
2012: $3.1 Billion
2013: $5.8 Billion
2014: $9.3 Billion
2015: $14.3 Billion
2016: $17.7 Billion
2017: $25.3 Billion
2018: $30.8 Billion
2019: $38.4 Billion
Explanation :Alibaba Chinese multinational e-commerce claimed that products worth $38.4 billion were sold from its platform. Most users bought electronic products and fashion items on the 11th edition of the Singles Day shopping event.
In 2009, Alibaba group started a shopping event on 11th November called Single’s Day. The annual event soon gained more popularity than the Black Friday and Cyber Monday shopping sales. The sales on this year Single’s Day are equal to 80% of Amazon’s sales in the latest quarter.
The shopping event for 2019 kicked off with a live performance by Taylor Swift. According to Alibaba executives the platform sold products worth $1 billion just 68 seconds into the annual event. It only took Alibaba 30 minutes to reach the $10 billion mark.
Here’s the breakdown of the sales value each year since its launch:
2010: $140 Million
2011: $800 Million
2012: $3.1 Billion
2013: $5.8 Billion
2014: $9.3 Billion
2015: $14.3 Billion
2016: $17.7 Billion
2017: $25.3 Billion
2018: $30.8 Billion
2019: $38.4 Billion
Discuss in Forum
Report Error
Please comment below with correct answer and it’s detail explanation.
