Alibaba's Singles' Day sales hit US$30bn, on track for record

By on
Alibaba's Singles' Day sales hit US$30bn, on track for record

Equivalent to over 80 percent Amazon.com Inc's online store sales in the latest quarter.

Chinese retailer Alibaba Group Holding Ltd said on Monday that sales for its annual Singles' Day shopping blitz crossed the US$30 billion mark at 4:31 p.m. (0831 GMT), putting the event on track to set a record in its 11th year. The figure is equivalent to over 80 percent of US rival Amazon.com ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.
Tags:

Most Read Articles

Log In

Username / Email:
Password:
  |  Forgot your password?