China's Alibaba says post-COVID Singles' Day sales hit $74 billion

HANGZHOU, China (Reuters) - China's Alibaba said on Wednesday orders on its e-commerce platforms during the Singles' Day shopping extravaganza hit a record 498.2 billion yuan ($75.1 billion). The world's biggest sales event - eclipsing Black Friday and Cyber Monday in the United States - spanned four main days this year.

Reuters November 12, 2020 00:06:36 IST
China's Alibaba says post-COVID Singles' Day sales hit $74 billion

Chinas Alibaba says postCOVID Singles Day sales hit 74 billion

HANGZHOU, China (Reuters) - China's Alibaba said on Wednesday orders on its e-commerce platforms during the Singles' Day shopping extravaganza hit a record 498.2 billion yuan ($75.1 billion).

The world's biggest sales event - eclipsing Black Friday and Cyber Monday in the United States - spanned four main days this year.

($1 = 6.6301 Chinese yuan renminbi)

(edited by Emelia Sithole-Matarise)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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