Singles' Day (11.11)
Get more with myNEWS
A personalised news feed of stories that matter to you
Learn more
Jack Ma speaking at an event at Waseda University in Tokyo in April 2018. (Picture: Bloomberg)

Jack Ma denies rumors of fake Singles’ Day sales numbers

Alibaba’s Tmall said the person who started the rumor should be held accountable

This article originally appeared on ABACUS
Alibaba founder Jack Ma says the sales data for Singles' Day is accurate, denying  rumors on Chinese social media about this year's record tally for the Alibaba-led shopping day.

(Abacus is a unit of the South China Morning Post, which is owned by Alibaba.)

“I guarantee you that in the age of data and the internet, every [cent] is extremely accurate,” Ma said in a speech that was a top trending hashtag on Weibo.

The rumors started because the final tally for this year's Singles' Day was 268.4 billion yuan (US$38.4 billion), which matched one netizen’s prediction in April. 

In response to the accusation, Alibaba’s Tmall also said on its official Weibo account that the person who started the rumor should be held accountable. Tmall reportedly also posted a statement that said the company had taken legal action, but the post appears to have been deleted.

For more insights into China tech, sign up for our tech newsletters, subscribe to our award-winning Inside China Tech podcast, and download the comprehensive 2019 China Internet Report. Also roam China Tech City, an award-winning interactive digital map at our sister site Abacus.