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Alibaba earns over $30 billion during 'Singles Day' sales event

180 views · Published 13 November 2018 · 3:31 · Indexed 28 September 2026

Channel: Daily Mail World · 2018 · Travel & Events

Online shoppers have splurged a whopping 213.5 billion yuan (£23.8 billion) on this year's Singles Day, China's annual buying bonanza which takes place on November 11, shattering last year's record. Shoppers in China and across the world snapped up hot items including iPhones, furniture and milk powder starting pre-dawn on Sunday, with Chinese e-commerce giant Alibaba recording roughly 69 billion yuan (£7.7 billion) in sales in the first hour after midnight. The annual 24-hour retail frenzy is the world's biggest online sales event, outstripping the sales of US shopping holidays Black Friday and Cyber Monday combined.

Original Article: http://www.dailymail.co.uk/news/article-6377079/Alibaba-Singles-Day-smashes-25-bln-sales-record.html
Original Video: http://www.dailymail.co.uk/video/news/video-1802358/Video-Alibaba-earns-30-billion-Singles-Day-sales-event.html

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Alibaba earns over $30 billion during 'Singles Day' sales event

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