Business World

Alibaba, JD amass over $115 billion of sales in the world’s biggest shopping event ‘DOUBLE 11’

China’s Singles Day or double 11, an unofficial holiday on Wednesday, 11 November raked up tens of billions of dollars for e-commerce and retail companies in China. Alibaba said on Thursday that the annual sales frenzy broke records once again after it collected roughly US$ 75 billion (or 498.2 billion yuan). The total includes an […]