Alibaba sells $25.3 Billion Worth of stuff in One Day
Alibaba made $1 billion in 8 minutes. Almost 1.5 billion shoppers parted with their money on China’s Single’s Day, a shopping day that dwarfs sales on Black Friday and Cyber Monday. The Chinese e-commerce giant broke records and calculated $25.3 billion in sales generated from 1.48 billion shoppers via Alipay on its annual Singles’ Day global shopping festival on 11th Nov, it said in a statement released Sunday. That’s an increase of 39 percent from last year.
Alibaba breaks sales record on China’s ‘Singles Day’