Alibaba pulls in $9.3 billion in sales from China’s Singles’ Day

In a monumental e-commerce splurge, Chinese consumers bought a whopping US$9.3 billion in goods on Alibaba Group’s sites on Tuesday, as part of a major online shopping festival that took the country’s Internet market by storm. Local e-commerce giant Alibaba tallied the final figure Wednesday at midnight local time for what’s known as the Singles’ Day holiday in China, an annual event where online retail sites in the country offer big discounts on products.