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11/11/2020, 3:28 PM (Source: TeleTrader)
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Alibaba's Singles Day sales exceed $70.6 billion

Alibaba Group announced on Wednesday that its Singles Day sales amounted to over $70.6 billion (467.5 billion yuan) as of Wednesday evening, Beijing time.

The figure marks a new record for the online retailer during its annual event, which is comparable to but larger than Black Friday and Cyber Monday in the United States.

Companies that have especially profited from Singles Day this year include Apple, Huawei, Xiaomi, Nike, Adidas and L'Oreal as they all surpasses $15 million (100 million yuan) in sales.

Breaking the News / VP