In 2019, Alibaba’s Singles' Day (11.11) Gross Merchandise Volume or Gross Merchandise Value (GMV) - an online retailing term used as an indicator of total sales dollar value of merchandise - stood at $38.4B, far exceeding the combined US online retail sales during the four shopping holidays in 2019 – Thanksgiving Day, Black Friday, Small Business Saturday and Cyber Monday ($24.6B) (Source: Adobe Analytics and Alibaba Group). |