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Alibaba posts record Singles’ Day sales of $25 billion



Alibaba Group Headquarters

Chinese e-commerce giant Alibaba’s single day sales have smashed a record of $25.3 billion.


It has broken have own record in just 13 hours showing a 39% jump from last year.



Last year it generated a record total of $17.8 billion.



Alibaba’s co-founder and vice chairman Joseph Tsai said that it was a big event for China’s economy.



Alibaba said 90% of sales were made on mobiles and added that it had turned 100,000 physical shops around China into ‘smart stores’ for this year’s event.


Also, watch Alibaba’s video here


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Updated: November 12, 2017 — 10:17 am

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