Tag: Gross Merchandise Value

Shanghai: Chinese e-commerce giant Alibaba on Monday announced generation of whopping $30.8 billion in terms of Gross Merchandise Value (GMV) during Singles’ Day sale — the 24-hour annual shopping event — held on November 11, beating the last year’s record of $25 billion. Around 180,000 brands had participated in the sale on all retails platforms […]

New Delhi: Led by Amazon and Flipkart, e-tailers in India achieved a record $3 billion (nearly Rs 19,000 crore) of Gross Merchandise Value (GMV) in the first six days of the festive sale from September 29-October 4, a new report said on Tuesday. Walmart-owned Flipkart and Amazon dominated 90 per cent of the market share […]