TELEGRAPH.CO.UK - Nov 12 - Alibaba said sales for its annual Singles' Day shopping blitz have exceeded $30B, putting the event on track to set a record in its 11th year. The figure is equivalent to ~80% of Amazon's sales in its most recent quarter. Singles day or Guanggun Jie (Nov 11) is a shopping holiday popular among young Chinese people that celebrate their pride in being single. Alibaba turned China's informal Singles' Day into a shopping event a decade ago and built it into the world's biggest online sales fest.
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