Alibaba Singles' Day sales hit $1 billion in two minutes
E-commerce giant Alibaba saw its Singles' Day sales hit $1 billion in just two minutes after the sale started at midnight. Alibaba Vice Chairman Joseph Tsai said rising disposable incomes of Chinaâs "over 300 million middle-class consumers" was helping increasing the firmâs online sales. Alibaba had recorded sales of $17.7 billion on its platform at last yearâs Singlesâ Day.