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Company News

Alibaba boasts $70.6 billion sales in first post-virus Singles' Day

The Alibaba Group logo is seen during the company's 11.11 Singles' Day global shopping festival at their headquarters in Hangzhou, Zhejiang province, China, November 11, 2020. REUTERS/Aly Song

HANGZHOU, China (Reuters) - China's Alibaba 9988.HK said orders on its e-commerce platform during the Singles' Day shopping event hit 467.5 billion yuan ($70.6 billion) by Wednesday evening.

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

Reporting by Josh Horwitz; Writing by Emelia Sithole-Matarise

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