China Singles' Day 2015 Set to Surpass Last Year's Records
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The logo of one of China's biggest online seller Tmall.com for the singles' day (November 11). [Photo: Agencies]

China's biggest annual online shopping festival, the Single's Day or Double Eleven, falls on today.

During the first 90 minutes of the shopping spree, nearly 32 billion yuan or some 5 billion U.S. dollars' worth of merchandise was settled via Alipay on Alibaba's Chinese and international retail marketplaces.

72% of the sales were settled via mobile platforms.

Alibaba also states it expects to see a peak of 120 thousand orders and 60 thousand payments per second.

On Monday evening, Chinese Premier Li Keqiang called Alibaba chairman Jack Ma to wish him luck for today's Single's Day online sales event.

The premier expressed his congratulation and encouragement for Alibaba's achievement on Single's Day.

For the seventh year in a row, Alibaba will again mark Single's Day with online sales.

Global accounting firm KPMG on Tuesday predicted online sales on the Singles' Day in China will reach new high due to rising popularity of online shopping among Chinese consumers.

Author： 　　　Source：CRI　　　 Editor：Yang Fan