ALIBABA’S ‘SINGLES DAY’ SALES $30.8bn
$30.8bn worth of sales in one day. This is how much Alibaba’s Singles Day, the annual shopping spree/telethon-like event led by Chinese billionaire and BABA founder Jack Ma, generated on 11 November, reported Forbes.com. During the 24-hour period, Alibaba offered huge discounts across its e-commerce platforms and sold over $1bn worth of goods in less than a minute and a half, according to the outlet. So much for the bear market and US trade tariffs.