Alibaba takes record $25 bn on ‘Singles Day’


Chinese online shoppers spent a record $25 billion on this year’s “Singles Day” promotion run by e-commerce giant Alibaba, up nearly 40 percent from last year, figures showed on Sunday. At the peak, 256,000 payments were being processed per second on Saturday, the firm said, more than 90 percent of them placed via mobile. The company’s…




Alibaba takes record  bn on
Alibaba takes record $25 bn on ‘Singles Day’

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