Single’s Day sales smash records in China with $45 bn

China’s top e-commerce giants have raked up over $45 billion during the annual online shopping fiesta “Single’s Day”, creating a new record in global retail sales for any single day. Alibaba Group, during its flagship event Double 11, surpassed its last year’s “Single’s Day” sales of $18 billion, netting about $25.3 billion on Saturday. Rival online retailer JD.com, reported about $20 billion of orders. This was the eighth edition of the online shopping spree which had about 1,40,000 brands including 60,000 international. PTI<