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Alibaba Singles Day sales top $24 billion so far

WorldNews Monday, 11 November 2019
Alibaba Singles Day sales top $24 billion so farHong Kong (CNN Business)Alibaba's online retail blitz known as Singles Day has pulled in $24 billion so far, China's biggest e-commerce company said on Monday. The event regularly racks up bigger sales than Black Friday and Cyber Monday combined — and with more than half a day left in the shopping extravaganza, Alibaba (BABA) appears to be on track to surpass last year's $30 billion haul. During Singles Day pre-sales, which...
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News video: What Alibaba's Singles Day Means for the Chinese E-commerce Giant Going Forward

What Alibaba's Singles Day Means for the Chinese E-commerce Giant Going Forward 02:11

Alibaba will host its annual "Singles Day" on Monday, Nov. 11 and the sales results could be critical for what investors expect out of the company on a longer-term basis. Singles Day is a massive shopping event for Chinese consumers, exclusively for items sold on Alibaba's platform. In 2018,...

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