Alibaba’s Singles’ Day sale amassed $25.3 billion, doubling 2016 Black Friday and Cyber Monday sales combined

A decade ago, November 11th was a tongue-in-cheek cultural “celebration” of single people in China. In 2009, retailer Alibaba turned the day into the country’s version of Black Friday — and eight years later, sales from the Chinese e-commerce’s one-day event has nearly doubled those from Black ...
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