CHINA'S ALIBABA, JD.COM REPORT RECORD-HIGH 11.11' SURGE IN ONLINE RETAIL SALES

摘要

The e-commerce event "11.11" - formerly known as "Singles Day" - held in China on Nov. 11, has broken commercial records ever since online retailers in the world's largest e-commerce market started selling retail therapy to the country's unmarried population. Last year, Alibaba sold more than US$1 billion worth of goods in the first five minutes of sales, and $18 billion in gross merchandise overall.