Nov 15, 2014

ALIBABA rang up $10 billion in a Single day

ALIBABA rang up $10 billion in a Single day

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

tags: alibaba, 9 billion , sals, singles day, us, ipo, 11/11, nov, 11, 2014, office pic, logo, 


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