Singles Day: Alibaba breaks record sales total
Singles Day: Alibaba breaks record sales total Media playback is unsupported on your device E-commerce giant Alibaba has beaten its sales record for its annual Singles Day event. The company said sales this year had reached 121bn yuan ($18bn; £14bn), a rise of 32% on last year’s sales which were worth $14.3bn. But some have questioned the accuracy of the numbers, amid claims of inflated sales data at Chinese online retailers. Merchants passing off counterfeit goods as genuine is also a problem in the industry. Alibaba reported 82% of purchases…
Read More