ALIBABA’S ‘SIN­GLES DAY’ SALES $30.8bn

Finweek English Edition - - In Brief -

$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.

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