Alibaba On Pace To Break Singles’ Day Sales Record

By | November 10, 2014

Scalper1 News

The biggest e-commerce day of the year commenced in China Tuesday morning on a pace well above last year’s big score for Alibaba Group. Early on Nov. 11, known as Singles’ Day, gross merchandise volume processed though Alibaba (BABA) platforms topped $1 billion in just the first 20 minutes, according to Alibaba news site Alizila.com. During the 24-hour sale last year, it took about an hour for Alibaba to reach the $1 billion mark. Last year, more Scalper1 News

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