Alibaba’s Singles’ Day

Alibaba’s Singles’ Day

Alibaba’s Singles’ Day sales hit $1 bn in 68 sec, $10 billion in 29 minutes
China’s Alibaba recorded $1 billion (₹7,150 crore) of sales volume in the first 68 seconds of its Singles’ Day shopping event. In 2018, it had taken 85 seconds to reach the billion mark.

Further, it took 29 minutes and 45 seconds for the Gross Merchandise Volume to reach $10 billion as compared to one hour and 48 seconds last year

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