China’s ‘11.11’ Shopping Day Speeds Past Black Friday

By | November 10, 2015

Scalper1 News

In its first 90 minutes, China’s biggest shopping day of the year logged $5 billion in online sales, more than America’s full Black Friday and Cyber Monday made combined last year. The “11.11” event tally, just counting sales handled on e-commerce giant Alibaba’s (BABA) platforms, saw $3.8 billion in mobile buys by 2:04 a.m. local time, topping all of “Singles’ Day” 2014. In opening remarks, CEO Daniel Zhang said the “world will Scalper1 News

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