Alibaba saw sales worth $30 billion on its platforms on Singles' Day in 2018, dwarfing $7.9 billion U.S. online sales for Cyber Monday. | Photo Credit: Reuters
Chinese e-commerce giant Alibaba Group Holding Inc said on November 11 that sales for its annual Singles’ Day shopping blitz hit 91.2 billion yuan ($13 billion) 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 shopping fest by Alibaba Chairman and Chief Executive Daniel Zhang since ...
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