This article is more than two years old

Chinese consumers made 1.48bn Alipay purchases on Singles Day

Spending climbs by 39% on this year’s Singles Day — China Daily — “Bargain hunters splurged by spending a record 168.2bn yuan (US$25.3bn) during this year’s Singles Day… Nine out of 10 people used mobile wallet apps for payment, said Alibaba, with its Alipay app having handled 1.48bn transactions in 24 hours and processed them at a peak rate of 256,000 transactions per second.”