Chinese e-commerce giant Alibaba filled a record $30.7 billion in orders on Sunday during its annual 'Singles Day' shopping frenzy, but growth slowed from previous years.
Alibaba Group hit $30.7 billion in sales for its annual Singles' Day shopping extravaganza.
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
China's version of Cyber Monday was co-opted by e-commerce giant Alibaba, which has turned an unofficial holiday for people without romantic partners into a yearly windfall for digital retailers
Chinese e-commerce giant Alibaba Group Holding smashed the 2017 record for its Singles’ Day sales event on Sunday, surpassing 168 billion yuan ($24.15 billion) sales in under 16 hours. Singles’ Day, also called “Double 11,” is the world’s biggest online sales event, outstripping US shopping holiday Black Friday.
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.
The 10th annual Chinese shopping bonanza Singles’ Day has generated a record $30.
China's largest company, which used a concurrent televised entertainment spectacle featuring Cirque du Soleil and Mariah Carey to further drum up business, reported that Xiaomi, Apple and Dyson products were the top three brands in early sales.. Read more at straitstimes.com.
By Cate Cadell SHANGHAI (Reuters) - Chinese e-commerce giant Alibaba Group Holding Ltd <BABA.N> cashed a record 213.5 billion yuan (23.8 billion pounds) in sales