Singles’ Day Sales Hit 10 Bln Yuan In 7 Minutes

An electronic screen shows sales on Alibaba’s retail platforms hit 10 billion yuan (US$1.5 billion) at a gala staged by Alibaba for the Singles’ Day shopping festival in Shenzhen. [Shanghai Daily] Chinese shoppers shrugged off any concerns over a slowing economy and bought 10 billion yuan ($1.47 billion) worth of goods within the first seven … Read more