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Alibaba says Singles' Day sales hit 91.2 billion yuan in first hour


The logo of Alibaba Group is seen during Alibaba Group's 11.11 Singles' Day global shopping festival at the company's headquarters in Hangzhou, Zhejiang province, China, November 10, 2019. REUTERS/Aly Song

SHANGHAI (Reuters) - Chinese e-commerce giant Alibaba Group Holding Inc (BABA.N) said on Monday that sales for its annual Singles’ Day shopping blitz hit 91.2 billion yuan (10.18 billion pounds) within the first hour, up 32% from last year’s early haul of 69 billion yuan.

Akin to Black Friday and Cyber Monday in the United States, Singles’ Day has been promoted as a ...


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