Chinese eCommerce giant Alibaba made more than $9 billion sales in a single day on the world's biggest Shopping Festival known as the 11.11 considered to be the world's biggest online retail sales day. This marks a continuing shift to online shopping over brick-and-mortar stores at a time of slowing economic growth in China.
Alibaba, which held the largest U.S. IPO of all time, was flirting with a $300 billion valuation on Tuesday. Founder/CEO Jack Ma says he wants to make Singles Day a global shopping holiday by 2019
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