Alibaba Group Holding Inc on Monday said sales for its annual Singles’ Day shopping blitz hit 158.31 billion yuan ($22.63 billion) in first 9 hours, up 25% from 126.72 billion yuan at the same point last year. Akin to Black Friday & Cyber Monday in the US, Singles’ Day has been promoted as a shopping fest by Alibaba chairman & chief executive Daniel Zhang since 2009.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2q3G1r8
