Comment on Taobao’s 11/11 Sale Too Good To Be True? by Smarter Biz

['Jason Lim', 'More Jason Lim', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2011-11-12 00:00:00

Just yesterday Gang reported on Tobao’s TMall amazing sales figures which hit 5.2 billion RMB with a transaction volume of an astounding 336.9 million in one day! The reason for this was a day long sale to celebrate Super Singles Day. I found out about the sale when I saw a colleague looking for a bargain and asked her why. Some prices were even higher than retail prices at physical stores. One example was of a Longines luxury watch on TMall for 17,598 RMB retail and on sale for 8,799 RMB sale price.