Chinese e-commerce giant Alibaba has smashed its one-day sales record on Singles Day.
China's online shoppers ring up more than $40 billion in purchases during the nation's annual Singles Day, an event which began as a celebration for unattached university students but has been co-opted by online retailers.
Chinese e-commerce giant Alibaba Group Holding Ltd smashed the 2017 record for its Singles’ Day sales event on Sunday, surpassing $24.15 billion sales in under
The e-commerce behemoth clocked in sales of $30.8 billion in the 24-hour span that began at 12 a.m. Sunday, with consumers snapping up bargains despite China’s slowing economic growth.
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Shoppers in China and across the world snapped up hot items starting pre-dawn, with Alibaba recording roughly $10 billion in sales in the first hour after midnight.
The 10th annual Chinese shopping bonanza Singles’ Day has generated a record $30.
Chinese e-commerce giant Alibaba Group Holding Ltd cashed a record 213.5 billion yuan ($30.70 billion) in sales on Sunday during its 24-hour online retail frenzy Singles' Day, but the event's annual growth dropped to its slowest-ever rate.
Chinese e-commerce giant Alibaba Group Holding Ltd settled roughly 69 billion yuan (US$9.92 billion) in the first hour of its annual Singles' Day ...
Alibaba surpassed the 100 billion yuan mark less than two hours into Singles’ Day, according to Alibaba’s news website.