Nov. 11 is Singles Day in China — aka the “11.11 Shopping Festival” — and the country’s millions of unhitched celebrated the event by spending some quality time with online retail giant Alibaba. So far, the event has generated $9.3 billion in sales and 278 million orders shipped, the retailer reported. Slightly less than half, or 43 percent of those orders, were placed from mobile devices. Alibaba has topped its sales from last year on the same day, when it recorded $5.75 billion in transactions and shipped 150 million packages.
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Money Makes the World Go Round on Singles Day
Posted by: Erika Morphy November 11, 2014 02:34 PMNov. 11 is Singles Day in China — aka the “11.11 Shopping Festival” — and the country’s millions of unhitched celebrated the event by spending some quality time with online retail giant Alibaba. So far, the event has generated $9.3 billion in sales and 278 million orders shipped, the retailer reported. Slightly less than half, or 43 percent of those orders, were placed from mobile devices. Alibaba has topped its sales from last year on the same day, when it recorded $5.75 billion in transactions and shipped 150 million packages.