Online trading company, Alibaba, has created a new sales record after recording sales of $9.3 billion in just 12 hours. China’s biggest online shopping event is the “Singles day” which is held every year on November 11.
It is an important event for online retailers with lots of price cuts and discounts for shoppers.
Alibaba broke the record it set last year as it exceeded the $1 billion mark just eight minutes after sales opened.
China’s Single day is a sort of reverse Valentine’s day for single people and is celebrated on November 11 every year because it is the only time the number “1” occurs four times in a date sequence.