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In 2017, the Double 11 shopping festival saw Tmall's single-day transaction volume break through 168.2 billion yuan, with Ma Yun famously stating, “How come we didn’t make any money?†According to official data, this year’s Tmall sales exceeded 168.2 billion yuan, with wireless transactions making up as much as 90% of the total. Alipay processed 1.48 billion transactions, a 41% increase from the previous year. The payment peak reached an astonishing 256,000 transactions per second, nearly double that of last year. There were over 812 million logistics orders generated, and more than 225 countries and regions participated in the global shopping event.
On November 11th, during a live broadcast on CCTV, Ma Yun emphasized that the Double 11 was not about profit, but rather about bringing joy to consumers and merchants, driving technological innovation, and developing talent within the organization. His words sparked widespread discussion online, with many users commenting, “Not about making money again! What a divine statement!â€
Meanwhile, JD.com reported that its total sales for the same period surpassed 127.1 billion yuan. By the morning of the 12th, the cumulative order value had already reached 85% of the daily target. Data showed that by 11:15:08, the number of shipments from national warehouses exceeded the total from the previous year’s Double 11. At 10:18:32, the production volume of fresh produce surpassed last year’s record. However, there were disputes between Alibaba and JD.com regarding the accuracy of their figures, with each side questioning the other’s data.
In another news update, the Shanghai Bureau of Quality Supervision conducted spot checks on power adapters with USB interfaces sold across various platforms. Out of 20 batches tested, 8 failed due to issues such as insufficient electrical clearance, creepage distance, and insulation penetration. These defects could potentially expose users to dangerous 220V voltages when charging their devices. Some of the unqualified products included well-known brands like Philips, Opple, and Orico. Consumers are now calling for recalls and stricter safety regulations.
Sony also made headlines with the release of three new back-illuminated CMOS sensors, including the IMX411 with 150 million pixels, capable of recording 8K video at 18fps. These sensors are expected to be used in future cameras from Hasselblad and Fujifilm. While Sony is set to launch these sensors in 2018, some analysts believe the company may not have a strong presence in the medium-format camera market, which limits the impact of the new technology.
Finally, reports emerged about a new issue with the iPhone X, where some users experienced buzzing or clicking sounds from the receiver when the volume was increased. This problem affected a wide range of audio sources, including calls, music, and notifications. Apple has reportedly been working on replacing affected units, and users are advised to check if their devices are impacted. The issue appears unrelated to software versions or hardware configurations, raising concerns about the device’s design.