Alibaba Set a New Record After Generating $25 Billion USD in Singles Day Sales

Cashing in on China's emerging 11.11 Singles Day, Alibaba recently crushed the previous one-day online shopping record generating over $20 billion USD in sales. After building hype around its sales event with an 11.11 Singles Day Countdown Gala, the Chinese tech giant made major news recording $12 Billion USD just two hours into its sale. In total, Alibaba made 1.48 billion transactions during the 24-hour sale period and generated $25.3 billion USD crushing its own $17.8 billion USD one-day onli...