Alibaba breaks sales record on Singles Day

Author: Ellen
Release on: 2016-11-14

Today is the 11th-Nov, it is shopping-day in China, like the black-Friday in US.

All the shops on alibaba, they prepare the promotion on the day.

Jack Ma, Alibaba's founder and chairman, takes a photo of a giant screen showing

sales data at a media center in Shenzhen, Guangdong province, Nov 11, 2016.

[Photo/VCG]

China's largest e-commerce group, Alibaba, set a new record today for Singles Day revenue,

with 10 billion yuan ($1.47 billion) in sales in only 6 minutes, 58 seconds. Last year, it took

more than 12 minutes to reach that sales figure.

New York-based consulting firm Fung Global Retail & Technology said Alibaba is expected

to make $20 billion in online sales during this year's shopping frenzy, up 40 percent

year-on-year.

But here on CTW, there is also a promotion on selling. Welcome to send inquiry.