World's biggest shopping day sets new record
Jack Ma
Beijing - Egypt Today
The biggest shopping day on the planet raked in an eye-popping $25.4 billion.
Chinese e-commerce giant Alibaba (BABA, Tech30) said Saturday that sales soared past $18 billion after just 13 hours of the retail blitz known as Singles Day, eclipsing the $17.8 billion it managed in the full 24 hours last year.
Singles Day, a bonanza of online spending in China, has for years racked up more sales than Black Friday and Cyber Monday combined.
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