Life+News The Official News Portal of Independent Television Network Ltd

Alibaba Singles Day sales frenzy surpasses records

ITN News Editor
By ITN News Editor November 12, 2018 13:37

Alibaba Singles Day sales frenzy surpasses records

Internet giant Alibaba has set new sales records for its biggest shopping day, the annual Singles Day. The Chinese company hit a record $1bn in sales in 85 seconds, and then just shy of $10bn in the first hour of the 24-hour spree. In total, customers spent $30.8bn, up 27% on last year, but the lowest annual increase in the history of Singles Day. Online discounts have been offered on 11 November, Alibaba’s informal holiday for singles, since 2009. The event was kicked off on Saturday with a gala featuring US singer Mariah Carey, a Japanese Beyonc√© impersonator and a shoe-shopping-themed Cirque du Soleil performance.

ITN News Editor
By ITN News Editor November 12, 2018 13:37
Write a comment

No Comments

No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment
View comments

Write a comment

Your e-mail address will not be published.
Required fields are marked*

BUSINESS NEWS- VIEW ALL

SPORTS NEWS- VIEW ALL

ENTERTAINMENT- VIEW ALL