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|SHANGHAI Reggie Jackson Jersey , Nov. 11 (Xinhua) -- At just three minutes past midnight on Saturday, China's Singles' Day, sales on TMall hit 10 billion yuan (about 1.5 billion U.S. dollars).
In 2016, the volume was achieved in six minutes and 58 seconds, according to Alibaba, owner of TMall.
Known as China's Single's Day, November 11 has become an online shopping spree since 2009 when Alibaba's Tmall made its first online sales promotion. And now it is on par with "Black Friday Nolan Ryan Jersey ," when most U.S. retailers online or offline offer promotions.
Kevin Shepard from the United States was not a fan of online shopping until he came to China.
"It' s not only cheaper here, but the convenience and quick shipping are hard to beat," he said.
Tom Moody from the United Kingdom planned to buy a home audio system. He uses TMall and JD apps.
"Sales in the West can sometimes be a by-word for buying the items that were left in stock and nobody else wanted, but China's 'double 11' is increasingly breaking that mold," he said.
"It might be better described as a shopping festival where people plan for a 'lifestyle upgrade'," according to Moody.
The company where Tom works, Dyson China Mike Trout Jersey , also participated in the event. Several popular Dyson products were offered attractive discounts on Tmall.
"Double 11" is not only online in China, but is now cross-border and in brick-and-mortar stores. Department stores at Xujiahui in Shanghai also offered "double 11" deals on Saturday. Companies such as Amazon and Carrefour offered discounts and services on the day.
While Amazon upgraded its delivery service, Carrefour China extended its business hours allowing customers to shop with the same discounts as on Carrefour's mobile app.
According to Alibaba, as of 1 a.m. Saturday, transactions had been made in 201 countries and regions, including Japan, the United States Martin Maldonado Jersey , Australia, Germany and the Republic of Korea.
"This year, we have over one million retailers worldwide who registered both online and offline stores; we have targeted 52 core commercial areas globally and we ran 30,000 service centers in rural areas of China to provide quality products to consumers there," said Zhang Yong, CEO of Alibaba.
The industry expansion involves not only retailers, consumers and logistics but also industrial engineers Kole Calhoun Jersey , designers, farmers and production managers, he said.
The new consumption trend and technological revolution are changing the lives of every one on the globe, he added.
by Ye Zaiqi, Wu Xiaolin
SAN FRANCISCO, Nov. 6 (Xinhua) -- The Boeing Company highly welcomes China to compete as a new player on international aviation market in the next 20 years, which envisages a huge demand for more than 40 Justin Upton Jersey ,000 passenger aircraft across the world, John Bruns, president of Boeing China, said in a written interview with Xinhua Monday.
According to a Boeing forecast for the next two decades of global market, the colossal demand for commercial planes provides sufficient room for new comers to step in for competition, and Boeing will become stronger under the pressure of new competition, which will encourage Boeing to keep its leadership in the aviation industry Josh Hamilton Jersey , Bruns said.
Talking about the fact that the aviation industry of China has achieved considerable progress in recent years and China has successfully produced its own type-C919 passenger aircraft for its domestic market, Bruns said that it's natural for Boeing to see China has progressed to such a stage of development that it demonstrated its willingness and ambition to be engaged in the global market of civilian airplanes.
Boeing has forged a profound and solid relationship with China's aviation industry and the Chinese government over the past 45 years since it entered China 1972, when the historical visit by former U.S. President Richard Nixon to Beijing opened a window for Boeing aircraft to find a place in this market, Bruns said.
Now China has become the largest market of the world civil aviation industry, he said, adding that Boeing and China have grown as very close friends during this process. The two sides have maintained satisfactory communication and understanding, which resulted in a mutually beneficial partnership that will push both sides to seek common development Jered Weaver Jersey , said Bruns.
Media reports said Kevin McAllister, president and chief executive officer of the Boeing Commercial Airplanes, a division of the world's largest aircraft manufacturer, is among the high-profile CEOs from 29 American firms that are traveling with U.S. President Donald Trump, who is on an 12-day Asia trip that includes a state visit to China from Nov. 8 to Nov. 10.
Bruns said Boeing has entered its 101st years of development, and it has been engaged with China for at least half of the past years in history.
China will become an indispensable part of Boeing in the next 100 years, and Boeing would not be able to expand and succeed without its continuously deepening and far-reaching partnership with China in the coming 100 years Huston Street Jersey , Bruns said.
According to Boeing's 2017 China Current Market Outlook, China will need to purchase more than 7,240 new airplanes valued at 1.1 trillion U.S. dollars over the next 20 years, he said.
China has a component role on every current Boeing commercial airplane model, including the world's most technologically advanced airplane, the 787 Dreamliner, and more than 9 Garrett Richards Jersey ,000 Boeing airplanes fly throughout the world with integrated China-built parts and assemblies, Bruns said.
Boeing is the largest client of China in the aviation manufacturing sector, he said, and as far as Boeing is concerned, the greatest challenge for Boeing in the near future is how to satisfy and even outgrow the needs of its Chinese customers for better and qualified Boeing products and services.