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Alibaba’s Singles’ Day sales surge 60 percent to $14.3 billion

November 12, 2015 by · Leave a Comment 

By Paul Carsten BEIJING (Reuters) – Alibaba Group Holding Ltd's total value of goods transacted during its Singles' Day shopping festival was 91.2 billion yuan ($14.32 billion), the Chinese e-commerce giant said in Beijing on Thursday. The results are preliminary and unaudited, Alibaba said. Six years ago, Alibaba turned Nov. 11 into China's equivalent of United

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Alibaba’s Singles’ Day sales surge 60 percent to $14.3 billion