Singles' Day (11.11)

Chinese spend US$17.8 billion on Singles’ Day as Alibaba reveals new global strategy

Online shoppers spent a record 120.7 billion yuan (US$17.8 billion) through Alibaba Group Holdings’ e-commerce platforms during this year's Singles' Day frenzy, with president Michael Evans saying the company was also looking to expand its e-commerce reach to more countries around the world.

Alibaba Group is owner of the South China Morning Post.

November 11, 2016
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