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China's JD.com, Alibaba rival, reports $19.1 billion in shopping event sales

Reuters  |  BEIJING 

BEIJING (Reuters) - JD.com, China's e-commerce behemoth, said on Sunday that sales for Singles' Day - and its run-up - reached 127.1 billion yuan ($19.14 billion), up 50 percent from a year ago.Sales included 11 days of transactions, JD said in a statement, unlike its rival Alibaba, which reported on Saturday that its one-day sales reached 168.3 billion yuan ($25.35 billion), up 39 percent from last year.Singles' Day, an annual 24-hour buying frenzy that takes place in China on Nov. 11, has emerged as the world's biggest shopping event. It exceeds the combined sales for Black Friday and Cyber ...

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First Published: Sun, November 12 2017. 17:12 IST
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