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Alibaba Breaks Record Sales Total

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E-commerce giant Alibaba has beaten its sales record for its annual Singles Day event. About 20 hours into the event, Alibaba sales had reached 103bn yuan ($15bn; £12bn), easily topping the previous record set last year of $14.3bn. But some have questioned the accuracy of the numbers, amid claims of inflated sales data at Chinese … Read more

Alibaba Closes In On Record Sales

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E-commerce giant Alibaba looks set to smash the sales record for its annual Singles Day event. About 12 hours into the event, sales had reached 82.4bn yuan ($12.1bn; £10bn), the firm said. Last year’s record was $14.3bn. But some have questioned the accuracy of the numbers, amid claims of inflated sales data at online retailers … Read more