Chinese e-commerce giants report booming Singles Day sales

BEIJING (AP) — Chinese e-commerce giant Alibaba says merchants on its platforms sold $12 billion worth of goods in the first hour of Singles Day, a marketing event that has grown into the world’s biggest online shopping day.
Alibaba and rival JD.com reported a total of nearly $50 billion in sales by midmorning Monday.
The so-called 11/11 event began as a joke holiday in the 1990s as an alternative to Valentine’s Day for people without romantic partners and was adopted by Alibab