Alibaba sales reach 2bn dollars in first hour on China's Singles' Day

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ANI Washington
Last Updated : Nov 11 2014 | 12:40 PM IST

E-commerce giant Alibaba sold goods worth 2 billion dollars this year in the first hour of annual "Singles' Day" in China.

The company managed to surpass 10 billion dollars seven and a half hours into the day.

According to Tech Crunch, last year, Alibaba made 5.75 billion dollars in sales across its two biggest shopping services - its Taobao Marketplace and T-Mall site for brands - and already the company has broken its first major milestones today.

The online retailer said that it sold goods worth 1 billion dollars this year in less than 20 minutes.

As compared to last year, the Chinese e-commerce giant has widened its reach, with sales expanding worldwide, the report said.

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First Published: Nov 11 2014 | 11:54 AM IST

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