World's biggest online shopping day nets over $14 bn

E-commerce giant Alibaba said Thursday that Chinese and international consumers spent more than $14 billion in the world's biggest online shopping day, as it sought to soothe worries over China's slowing economy. The November 11 "Singles Day", which fell on Wednesday, has evolved into the globe's biggest online shopping festival since Alibaba began using the date in 2009 to promote sales through its platforms. "This day demonstrates the power of domestic China consumption and the Chinese consume