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

Reuters

Published Nov 11, 2020 11:21AM ET

HANGZHOU, China (Reuters) - China's Alibaba (HK:9988) 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.