Alibaba’s annual Singles’ Day event notched $30.7 billion in merchandise sales, an increase of 27%, according to a tally posted at the event’s media centre in Shanghai
Alibaba Group hit $30.7 billion in sales for its annual Singles' Day shopping extravaganza.
The spending binge has for years eclipsed Cyber Monday in the U.S. for online purchases made on a single day.
Chinese e-commerce giant Alibaba Group Holding Ltd smashed the 2017 record for its Singles’ Day sales event on Sunday, surpassing $24.15 billion sales in under
China's version of Cyber Monday was co-opted by e-commerce giant Alibaba, which has turned an unofficial holiday for people without romantic partners into a yearly windfall for digital retailers
Alibaba's Singles Day has become a shopping festival that stops the nation, and this year's event was no exception.
The e-commerce behemoth clocked in sales of $30.8 billion in the 24-hour span that began at 12 a.m. Sunday, with consumers snapping up bargains despite China’s slowing economic growth.
The 10th annual Chinese shopping bonanza Singles’ Day has generated a record $30.
Chinese e-commerce giant Alibaba Group Holding Ltd cashed a record 213.5 billion yuan ($30.70 billion) in sales on Sunday during its 24-hour online retail frenzy Singles' Day, but the event's annual growth dropped to its slowest-ever rate.