Alibaba Group Chairman Jack Ma.
Image: vcg/vcg via Getty Images
By Emma Hinchliffe2016-11-12 17:06:27 UTC
China’s e-commerce giant Alibaba moved $17.8 billion in sales during its Singles Day sale on Friday, smashing its own records.
The $17.8 billion (or 120.7 billion yuan) figured crushed Black Friday’s $4.45 billion in e-commerce sales last year and Alibaba’s own $14.3 billion record from 2015.
Singles Day is China’s biggest e-commerce day of the year, complete with a nationally televised party and concert. The day originated as an anti-Valentine’s Day, encouraging single people in China to…
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