From: Fast Company Compass - Monday Nov 11, 2019 07:55 pm
Greetings! Just 16 and a half hours into the Singles Day 2019 sales, Chinese e-commerce giant Alibaba
Greetings!
Just 16 and a half hours into the Singles Day 2019 sales, Chinese e-commerce giant Alibaba brought in $31 billion in sales, exceeding the record for 2018. In 2018, Black Friday sales in the U.S. only totaled $6.2 billion, and Cyber Monday 2018 sales totaled another $7.9 billion.
The shopping holiday is held in China on November 11 every year and ostensibly celebrates people’s pride in being single, but in the past few years, it has just become an excuse for holding the biggest online sales day of the year.

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