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Alibaba Sets New Sales Record On 2015 Singles' Day

November 11, 2015: 12:00 AM EST
Online retailer Alibaba Group Holding Ltd. reported sales jumped 54 percent to $14.3 billion during the 2015 Singles’ Day, compared with sales recorded in the previous year. This highlights the resilience of consumer spending in China despite the current economic slowdown, the company said. It took just half a day for sales generated to overtake the previous year’s 24-hour total sales of $9.3 billion, the company also said.
Gillian Wong, "Alibaba Smashes Singles’ Day Record; Sales Hit $14.3 Billion", Wall Street Journal, November 11, 2015, © Dow Jones & Company, Inc
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