Alibaba sets news singles' day sales record of $31 billion
- 5 years ago
Online shoppers in China have shattered last year's record of 24 billion U.S. dollars in sales on the country's annual shopping frenzy.
Chinese retailer Alibaba logged nearly 31 billion dollars in sales on Sunday, which is more than America's Black Friday and Cyber Monday sales figures combined.
Once a celebration for China's lonely hearts, Singles' Day has turned into a yearly windfall for digital retailers.
Chinese retailer Alibaba logged nearly 31 billion dollars in sales on Sunday, which is more than America's Black Friday and Cyber Monday sales figures combined.
Once a celebration for China's lonely hearts, Singles' Day has turned into a yearly windfall for digital retailers.