Alibaba Group Holding Ltd. has broken its own previous records by logging over $9 billion in the first 12 hours of China’s Singles’ Day sales. The Chinese e-commerce giant has matched the 2014 Singles’ Day figure of $9.3 billion just after midday Wednesday. Alibaba’s Singles’ Day sales hit new high year after year The Chinese e-commerce giant, which six years ago turned November 11 into China’s equivalent of U.S. shopping event Cyber Monday, said today that its 2015 sales have eclipsed last year’s final results in a little over half the time. According to research firm IDC, this year’s sales…
Alibaba Smashes All Previous Singles' Day Sales
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports