A screen on stage shows the gross merchandise volume on platforms operated by Alibaba Group reaching US$56.4 billion in the 10 days leading up to Singles Day on Nov 11, 2020 through its first 30 minutes.- China Daily/ANN
HANGZHOU, China: China's Alibaba said orders on its e-commerce platforms during the Singles' Day shopping extravaganza had exceeded $56 billion by Wednesday morning, as lockdown-weary consumers splashed out on as many as 16 million discounted goods.
The world's biggest sales event - eclipsing Black Friday and Cyber Monday in the United States - spans four main days this year, and so far has brought sellers 16 times as many orders by value than Amazon.com Inc's two-day global Prime Day last month.
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