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Chinese e-commerce giant Alibaba rakes in billions in Singles Day sales

CBS News Monday, 11 November 2019
Move over, Black Friday and Cyber Monday! China's Singles Day shopping is more profitable than both U.S. spending sprees combined. Cindy Pom reports.
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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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