Alibaba’s Singles’ Day sale amassed $25.3 billion, doubling 2016 Black Friday and Cyber Monday sales combined

A decade ago, November 11th was a tongue-in-cheek cultural “celebration” of single people in China. In 2009, retailer Alibaba turned the day into the country’s version of Black Friday — and eight years later, sales from the Chinese e-commerce event has more than doubled those from Black Friday and Cyber Monday in the US combined.
Alibaba hit a record $18 billion in just 13 hours
Alibaba reported that sales from Singles’ Day amounted to $25.3 billion, a 40 percent ju