KRTL BioTech

Factbox: China's love of e-commerce powers Alibaba's Singles' Day

Factbox: China's love of e-commerce powers Alibaba's Singles' Day

China's dominant e-commerce firm Alibaba Group Holding Ltd raked in $23 billion worth of sales in the first nine hours of its annual Singles' Day shopping extravaganza on Monday, setting records as the event celebrates its 11th year.