Tmall sales surpass 10 billion yuan in 3 minutes 1 second

00:30, November 11, 2017

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  China's 24-hour online shopping binge tops $1.5 billion in first three minutes

  Chinese e-commerce giant Alibaba (BABA.N) said sales topped 10 billion yuan ($1.51 billion) in just over three minutes from the opening of Singles’ Day, an annual online discount sales gala that has become the world’s biggest shopping spree.Jack Ma, Chairman of Alibaba Group, and actor Nicole Kidman attend a show during Alibaba Group's 11.11 Singles' Day global shopping festival in

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  China's JD.com, Alibaba rival, reports $19.1 billion in shopping event sales

  A sign of China's e-commerce company JD.com is seen at Consumer Electronics Show Asia 2016 in Shanghai, China on May 12, 2016.JD.com, China’s e-commerce behemoth, said on Sunday that sales for Singles’ Day - and its run-up - reached 127.1 billion yuan ($19.14 billion), up 50 percent from a year ago.Sales included 11 days of transactions, JD said in a

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  Singles Day goes global, breaks records

  File Photo: Double 11 global carnival.Bargain-hunters splurged a record 168.2 billion yuan （$25.3 billion）during this year's Singles Day, the world's largest daylong discount gala, as e-commerce giant Alibaba Group took the online shopping spree to physical stores and beyond borders, banking on China's technological prowess.Spending surged 39.3 percent at 2017's sale - the ninth iteration of the event -as consumers