11/10, 6:21 PM (Source: TeleTrader)
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Alibaba's Singles Day sales surpass $13B in one hour

Alibaba's Singles Day sales surpassed 91 billion yuan ($13 billion) in the first hour of the shopping holiday, media reported.

In the first 20 minutes, shoppers are said to have spent 61 billion yuan after the Singles Day sale was started in a ceremony that featured Taylor Swift and G.E.M.

Some 500 million shoppers are expected to take part in the November 11 event.

Breaking the News / VP