Alibaba posts record Singles' Day sales of $25 billion
Chinese e-commerce giant Alibaba generated a record $25.3 billion in its Singles' Day sales, showing a 39% jump from last year. It surpassed previous year's total of $17.8 billion in just 13 hours. Alibaba said its total number of delivery orders was 812 million compared to 657 million in 2016, and that 90% of sales were made on mobile.