Factbox: China's love of e-commerce powers Alibaba's Singles' Day

Factbox: China's love of e-commerce powers Alibaba's Singles' Day

4 years ago
Anonymous $xdcOWPpsb_

https://www.reuters.com/article/us-singles-day-factbox/factbox-chinas-love-of-e-commerce-powers-alibabas-singles-day-idUSKBN1XL0NE

China's dominant e-commerce firm Alibaba Group Holding Ltd raked in $23 billion worth of sales in the first nine hours of its annual Singles' Day shopping extravaganza on Monday, setting records as the event celebrates its 11th year.