• Alibaba Logs $1.44 Billion of Singles' Day Sales in Minutes

    8 days ago - By Fortune

    Alibaba Group Holding Ltd. logged 10 billion yuan of sales volume in the opening minutes of its annual Singles' Day extravaganza , outpacing last year's start as shoppers around the world swarmed the e-commerce giant's online bazaars.
    China's largest company, which is trying to drum up business via a concurrent televised entertainment spectacle featuring Cirque du Soleil and Mariah Carey, reported that Xiaomi, Apple and Dyson products were the top three brands in early sales.
    The annual retail celebration, originally dedicated to the nation's unattached, has become an important bellwether...
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