Singles Day 2020 soars past prior records in year of e-commerce boom

The Nov. 11 shopping holiday begun by Chinese e-commerce giant Alibaba, dubbed “11.11” or “Singles Day,” broke records again in 2020, with gross merchandise sales of $74.1 billion to nearly double the 2019 sales total. Alibaba’s logistics subsidiary Cainiao processed 2.32 billion orders for delivery during the sale. This year’s sale was extended from the […]

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