Alibaba breaks Singles Day record with over $30 billion in sales

2:00 PM ET Mon, 11 Nov 2019

Chinese e-commerce giant Alibaba set a sales record on Singles Day, the world's largest 24-hour shopping event. Gross merchandise value, a figure that shows sales across Alibaba's shopping platforms, surpassed last year's 213.5 billion yuan record (nearly $30.5 billion), and kept rising through the rest of the day.