Alibaba E-Commerce Sites Ring Up $14.3 Billion in Single Day

Yesterday we reported that “Singles Day” in China generated a staggering $5 billion in sales for e-commerce giant Alibaba during its first 90 minutes. The numbers are in for the day’s total sales, and Alibaba’s sites reportedly sold more than $14.3 billion worth of products, which represents a 57 percent increase over last year’s number. “To give you a sense of how big this sale is, the $14.3 billion figure is just 27 percent less than the $19.6 billion worth of goods that eBay sellers sold in July, August and September combined,” notes Re/code. “The number also dwarfs the $2 billion Americans spent on Cyber Monday desktop shopping in 2014.”

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