China’s Alibaba says post-COVID Singles’ Day sales hit $74 billion

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Alibaba's 11.11 Singles' Day global shopping festival

HANGZHOU, China (Reuters) – China’s Alibaba <9988.HK> said on Wednesday orders on its e-commerce platforms during the Singles’ Day shopping extravaganza hit a record 498.2 billion yuan ($75.1 billion).

The world’s biggest sales event – eclipsing Black Friday and Cyber Monday in the United States – spanned four main days this year.

(edited by Emelia Sithole-Matarise)

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