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Alibaba’s Singles’ Day sales top $38 billion

TechCrunch Monday, 11 November 2019
After 24 hours of frenzied buying and selling, and weeks of advertising and promotions before it, the Alibaba Group said today its sales hit another record high on Singles’ Day, the biggest shopping day on the planet. The Chinese e-commerce giant said its 11th Singles’ Day event sold goods worth 268 billion yuan, or $38.3 […]
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News video: What Alibaba's Singles Day Means for the Chinese E-commerce Giant Going Forward

What Alibaba's Singles Day Means for the Chinese E-commerce Giant Going Forward 02:11

Alibaba will host its annual "Singles Day" on Monday, Nov. 11 and the sales results could be critical for what investors expect out of the company on a longer-term basis. Singles Day is a massive shopping event for Chinese consumers, exclusively for items sold on Alibaba's platform. In 2018,...

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