Alibaba Group, China's largest e-commerce company, broke single-day online sales records during the country's biggest shopping holiday.
Topping $5.75 billion, the site matched last year's online sales in the first 13 hours of the 24-hour shopping day, which was on Sunday, according to Bloomberg. Last year, Alibaba's single-day online sales record totaled $3.14 billion.
China's biggest shopping day is called "Singles' Day;" it's a similar holiday to Valentine's Day in the US. The main difference with Singles' Day is that it's geared toward shopping. The idea is that … Read more