Thursday, April 25, 2024

Internet giant Alibaba crushes one-day online shopping record

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If you needed evidence that internet shopping still has room to grow, you just got it. Chinese e-commerce powerhouse Alibaba has confirmed that its annual Singles Day sales event racked up the equivalent of more than $25.3 billion in sales, easily setting a record for the most online purchases in one day. For context, Alibaba sold just short of $18 billion last year — this year, the company surpassed that figure slightly past the halfway mark. The 2016 Cyber Monday sale was downr….
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