Alibaba just earned $14.32 billion from sales in less than a day

For those of you who aren’t familiar with Single’s Day, it’s a massive shopping festival that’s the Chinese equivalent of Black Friday, and just like with Black Friday, it causes people to spend billions and billions of dollars on all the sales. According to Alibaba, which is basically the Amazon of China, it earned $14.32 billion from all the sales, with $5 billion of that being earned within the first 90 minutes.