Singles Day: Alibaba smashed last year’s Singles Day record with over $74 billion in sales amid worries over the pandemic

Alibaba Singles Day sales surpassed $74 billion – Business Insider

2020-11-11T16:30:28Z

Photo by Niu Jing/VCG via Getty Images

  • Alibaba’s Singles Day sales reportedly surpassed $74 billion, nearly double the previous record.
  • The major shopping holiday is usually bigger than Black Friday and Cyber Monday combined.
  • Alibaba says strong early numbers indicate that demand in China is bouncing back after the coronavirus.
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Alibaba’s Singles Day sales were over $74 billion, the Chinese retail giant reported shortly after midnight. 

Singles Day on November 11, or Double 11, is a Chinese shopping…

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