As Alibaba's Singles Day concludes, it has crushed comparable US shopping events including Amazon Prime Day.
As Alibaba reaches the conclusion of Singles Day — its 24-hour shopping extravaganza held each year on November 11 — the e-commerce giant has already crushed comparable US shopping events including Amazon Prime Day, Black Friday, and Cyber Monday. Within one hour, Alibaba generated an estimated $13 billion in sales, nearly double the total estimated sales amassed in 48 hours during Amazon Prime Day in July. Visit Business Insider's homepage for more stories.
As Alibaba reaches the conclusion of Singles Day — its 24-hour shopping extravaganza held each year on November 11 — the e-commerce giant has already crushed comparable US shopping events including Amazon Prime Day, Black Friday, and Cyber Monday. Within one hour, Alibaba generated an estimated $13 billion in sales, nearly double the total estimated sales amassed in 48 hours during Amazon Prime Day in July. Visit Business Insider's homepage for more stories.
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