China's online payment clearing house NetsUnion Clearing Corp. processed a record 4.64 billion payment transactions on Tuesday, Oct. 20, as e-commerce platforms started the annual "Double 11" shopping festival, Xinhua News Agency reported Wednesday.
The number of users placing orders on JD.com's (HKG:9618) first day, Oct. 12, rose by double digits from a year earlier, while Tmall, part of Alibaba (HKG:9988), has brought together 1 million brands and more than 72 million products, both records, according to the report.
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