Alibaba’s China Singles Day Sales Dwarf Amazon Record, but New Antitrust Rules Loom
China's Singles Day sales have eclipsed Amazon's Cyber Monday record, ratcheting up $70 billion for the annual event by Wednesday morning.Launched in 2009, the shopping extravaganza is held in November each year. It was originally billed by e-commerce giant Alibaba as an antidote to Valentine's Day. In its first iteration…
bubmagNovember 11, 2020